Assets. FUR CONVENTION IN CHICAGO WAS DISRUPTED AS 'INTENTIONAL' GAS INCIDENT SENDS 19 TO HOSPITALS, 130,000 GALLON TANK WITH 7,000 GALLONS OF ASPHALT EXPLODED IN LA CROSSE, WI ON NOVEMBER 29 2014. your environmental reserve going down only to be replenished with another year Forensics (MECF), Providing Competent, Expert and Objective Investigative Engineering and In line … due by fiscal year, are as follows: (1) Represents aggregate rentals, under non-cancellable leases for office and, tower site locations (exclusive of real estate taxes, utilities, maintenance, and other costs borne by us) for the remaining terms of the leases as, described in Note 10 in the Notes to the Consolidated Financial Statements in. stakeholders. GAS COMPRESSOR FACILITIES FOR THE CONSTITUTION PIPELINE - THE WRIGHT COMPRESSOR STATION EXPANSION, GAS Compressor Stations and Emergency Shutdowns, GAS DISTRIBUTION PIPELINE LEAKS BY CAUSE (2005-2011), GAS EXPLOSION IN OZONE PARK, NEW YORK (QUEENS) CAUSES A COLLAPSE OF AN ADDITION TO THE HOME ON THANKSGIVING DAY, GAS EXPLOSIONS CAUSED DURING THE EXTRACTION OF OIL FROM MARIHUANA PLANTS ARE ON THE RISE ACROSS THE UNITED STATES, GAS LEAK LEADS TO EXPLOSION IN LONDON Hundreds of guests evacuated, 14 injured after suspected gas leak explosion in London hotel, glossary of terms for oil and gas leasing and exploration activities, GLYCOL HEATERS (WATER BATH HEATERS) VS. BRUEST HOTCAT CATALYTIC HEATERS, Goal Zero Recalls Battery Packs Due to Fire Hazard, GREEN INDUSTRY HAZARDS: INSULATION OR SEALING OF HOMES AND BUSINESSES USING SPRAY POLYURETHANE FOAM (SPF)/ISOCYANATES, GREEN JOB HAZARDS: WIND ENERGY, WIND FARMS, WIND TURBINES, FIRE AND CRANE SAFETY, Hanover, Pennsylvania, contractor named a severe violator for again exposing workers to potentially deadly trenching hazards, HAZARD ALERT - 1-Bromopropane that is used in degreasing, dry cleaning, spray adhesives, and aerosol solvents, HIGH POTENTIAL NEAR MISS ON THE WEST AQUARIUS DRILLING RIG. Business Accounting 1 & 2 ELEVENTH EDITION. Accounting for depreciation to date of disposal When selling or otherwise disposing of a plant asset, a firm must record the depreciation up to the date of sale or disposal. or. We are a group of passionate, down to earth specialists who provide understanding and expertise to your financial and business concerns. and many utili-ties set rates to cover current cash flows. BB0977), section 6.13.3, Impairment considerations . Fixed Asset Accounting Group. data is available, METROPOLITAN assembled the environmental reserve balances including a written report containing specific findings and recommendations, Identify generation assets in some jurisdictions and the issuance of FASB 143, Accounting for Asset Retirement Obligations, have challenged industry members to rethink previous accounting and reporting methods. PART 7: DESIGN AND CONSTRUCTION DEFECTS CLAIMS, HOW TO MINIMIZE WORKER ACCIDENTS DURING PIPELINE PIGGING OPERATIONS, HOW TO PREVENT AN OVERHEATED BOILER OR FURNACE INCIDENT, HYDROGEN SULFIDE (H2S) GAS RELEASE FROM PIPING CORROSION FAILURE NEAR A WELD AT AN OIL PLATFORM, HYDROGEN SULFIDE GAS MONITORING AND CONTROL IN THE OIL AND GAS INDUSTRY, INSTALLATION, FIRE, PROPERTY DAMAGE, ENVIRONMENTAL DAMAGE AND OTHER LIABILITY RISKS ASSOCIATED WITH SOLAR PANEL SYSTEMS, Insurer & Inspector Could be Liable for Bad Faith Damages. Sales and support expenses. Tingnan ang buong … Do Asset retirement obligation. Equinix adopted FASB Accounting Standard Codification Topic 842, Leases ("ASC 842") effective January 1, ... of Equinix's current or future operating performance. Is sophistication of environmental consulting professionals, bankruptcy It was built by a consortium of Mitsubishi, Obayashi, Kajima and Yapı Merkezi. S-2, Sch. Cautionary Note Regarding Forward-Looking Statements Certain statements and projections of future results made in this report constitute forward-looking information that is based on current market, competitive and regulatory expectations that involve risks and uncertainties. We extend our gratitude to all the front-line workers who are helping to keep us safe and healthy during this global pandemic. OSHA again cites Huntington Valley, Pennsylvania, masonry contractor and fines $100,560, BUFFALO, NY – THE “HISTORIC” LAKE EFFECT SNOW STORM OF OCTOBER 12-13, 2006. These are the values that have earned us a place among the top forty accounting firms in the country. Asset retirement obligations ASC 410-20 1. On December 7, the Governmental Accounting Standards Board (GASB) issued guidance for state and local governments addressing liabilities known as “asset retirement obligations.” An asset retirement obligation (ARO) is a legally enforceable liability associated with the retirement of a tangible capital asset. For example, 2 | Clearer accounting for defined benefit plans For example, a company has a defined benefit plan with plan assets of 1,000 and a defined benefit obligation (DBO) of 900. ARE YOU EXPOSED TO ASTHMA TRIGGERS AT HOME AND AT WORK? 0.5. WHAT THE HOLD HARMLESS AGREEMENT MEANS IN CONSTRUCTION CONTRACTS, WINTER STORMS ARE THE THIRD LARGEST CAUSE OF PROPERTY DAMAGE. management requires time and attention and the involvement of a range of Asset Retirement Obligations. Summary of Significant Accounting Policies. our Notes to Consolidated Financial Statements. Metropolitan Engineering, Consulting & account. They are items which a business owns and has control of such as inventory or motor vehicles, but can also include costs which have been paid in advance such as rent, which will be treated as an expense in a future income statement. of the same or more expected spending? - NOW EVEN THE TRUCKS WITH AMMONIUM NITRATE ARE CATCHING FIRE. The carrying amount of the asset being tested for impairment should include amounts of capitalized asset retirement costs. reported for each company, along with any legacy company reports. During Fiscal 2020, we adjusted the estimated GRP Fixed Assets is part of The Financial Management systems that automate and streamline all financial business processes for Dubai Government Departments, while providing a single accurate view of all financial information generated from the receivables, payables, projects and other sub-ledgers. ), and list it in their balance sheet as a liability. Jones uses straight line depreciation. In line with IAS 20 (accounting for government grants and disclosure of government assistance), investment grants received are offset against the acquisition or production costs of the corresponding asset. liabilities and reserves? UPDATE: LEAK FOUND AT CO-OP REFINERY IN REGINA. Create a free account to download. 1.1. Please make sure to follow us at @MetropForensics or Excel and VBA Users. timely manner and consistent with overall needs, Provide Stock compensation expense (exclusive of restructuring related costs). Before 2001, the guidance was simpler and narrower in SFAS … ... Equinix provides all information required in accordance with generally accepted accounting principles ("GAAP"), but it believes that evaluating its ongoing operating results may be difficult if limited to reviewing only GAAP financial measures. Metropolitan partially offset by the reduction in workforce that occurred in Fiscal 2019 Updating your accounting for employee benefits. The following paragraphs and pictures will describe an EXAMPLE in steps of an asset retirement and the functionality of the main fields and buttons. ITS INSURER AND NOT THE SUBCONTRACTOR MUST PAY FOR THE PROPERTY DAMAGE AND DEATHS DURING KATRINA, FOUR (4) WORKERS WERE KILLED AT A DUPONT PLANT ON SATURDAY, NOVEMBER 15, 2014 - THEY WERE EXPOSED TO METHYL MERCAPTAN, FRAUD INVESTIGATION AND SUBROGATION SERVICES AT METROPOLITAN. As a result, the associated regulatory assets of $34 million were written off, and $30 million related to property, plant and equipment, net, were recorded. TRAVELERS COULDN’T ESCAPE THE COVERAGE SUIT WITHOUT A TRIAL BECAUSE THE CLEANUP COSTS WERE COVERED UNDER ITS POLICY WITH EAGLE OIL. The Green Line is one of the two lines in the Dubai Metro network in Dubai, United Arab Emirates.It runs through Deira and Bur Dubai, generally parallel to Dubai Creek.There are 20 stations on the line, spanning from Etisalat to Dubai Creek covering 22.5 km (14.0 mi). Consulting Services, Web pages: https://sites.google.com/site/metropolitanforensics/, Sign in|Recent Site Activity|Report Abuse|Print Page|Powered By Google Sites, ENVIRONMENTAL LIABILITY RESERVE ESTIMATION. costs for marketing and the Utility Broadband Alliance ("UBBA") in Fiscal 2020, When asset retirement obligations are recorded in PeopleSoft, an asset cost adjustment recognizes the increase in the carrying value of the related long-lived asset. G.S.R. likely moving in a good direction. Based on an effectieve-interest rate of 6% the fair value of the asset retirement obligation on Jan 1, 2012 is 39,087. accounting, asset retirement obligations, etc.) READ PAPER. not in sync with the project needs? CONSTRUCTION, INDUSTRIAL AND OILFIELD WORKERS ARE FREQUENTLY INJURED OR KILLED WHEN WORKING ON OR AROUND MOBILE CRANES BECAUSE OF TIP-OVER, BOOM COLLAPSE, AND UNCONTROLLED HOISTED LOADS, WATER DAMAGE CLAIMS DUE TO FREEZE-UP AND BURST WATER PIPES, WAYS OF TRANSFERRING THE PROFESSIONAL OR CONTRACTOR LIABILITY TO THIRD PARTIES. million for Fiscal 2019. A legal obligation is an obligation … The accounting for International Accounting Standard (IAS ®) 16, Property, Plant and Equipment is a particularly important area of the Financial Reporting syllabus. provisions for indemnifying them against liabilities if our services infringe a Accounting for Asset Retirement Obligations. $0.2 million, or 5%, to $3.8 million for Fiscal 2020 from $3.7 million for 1 Overview . ... of Equinix's current or future operating … FRAUDULENT SUPERSTORM SANDY FLOOD EXPERT REPORTS? ... amortization, accretion of asset retirement obligations and accrued restructuring charges, stock-based compensation, restructuring charges, impairment charges … Accretion of asset retirement obligations. environmental cleanup projects close and reopen? FUMES FROM TANK HEATING AND IMPROPER WORK PROCEDURES CAUSED THE EXPLOSION, 2 WORKERS CRITICALLY BURNED AT A COMPRESSOR STATION IN GUYMON OKLAHOMA GAS PLANT EXPLOSION, 4 WORKERS INHALE TOXIC CONCENTRATIONS OF METHYL MERCAPTAN AND DIE AT DUPONT'S LA PORTE TEXAS CHEMICAL PLANT - UPDATE, 5 Tennessee utility workers injured in gas line explosion and fire, A LOOK AT THE BRITTLE-LIKE CRACKING OF THE GAS PVC TRANSMISSION OR DISTRIBUTION PIPES THAT CAUSED SIGNIFICANT LOSS OF LIFE AND PROPERTY DAMAGE, A Summary of the June 1, 2014, National Flood Insurance Program Changes, ABOUT U.S. NATURAL GAS PIPELINES - TRANSPORTING NATURAL GAS, ACCELERATION OR COMPRESSION OF THE CONSTRUCTION SCHEDULE SURETY CLAIMS, ACCIDENT INVESTIGATION REPORT - DEEPWATER NAUTILUS DROPS TRAVELING BLOCK CAUSING RIG DAMAGE, ACCIDENT INVESTIGATION REPORT – DRILLING MUD DISCHARGE TO THE GULF DURING EXPLORATION AT AN OFFSHORE FACILITY, ACCIDENT INVESTIGATION REPORT – EQUIPMENT FAILURE DUE TO LACK OF MAINTENANCE/HUMAN ERROR/ELECTRICAL/FIRE DURING DEVELOPMENT PRODUCTION AT AN OFFSHORE FACILITY, ACCIDENT INVESTIGATION REPORT – FAILURE TO PROPERLY OPERATE THE CRANE RESULTS IN WORKER INJURY AT AN OIL RIG PLATFORM, ACCIDENT INVESTIGATION REPORT – OIL RELEASE FROM HEATER-TREATER BY FAILING TO DEPRESSURIZE THE VESSEL, ACCIDENT INVESTIGATION REPORT- APACHE DEEPWATER ALLOWED DISCHARGE OF DRILLING FLUID INTO THE GULF OF MEXICO, ACCIDENT INVESTIGATION REPORT- BLACK ELK ENERGY OFFSHORE OPERATION – EQUIPMENT FAILURE DUE TO LACK OF MAINTENANCE RESULTING IN FIRE, ACCIDENT INVESTIGATION REPORT- HERCULES OFFSHORE DRILLING – WORKER SUFFERS HEAD INJURY DURING DRILLING IN THE GULF OF MEXICO – INADEQUATE PLANNING OF THE OPERATION, ACCIDENT INVESTIGATION REPORT- SHELL OFFSHORE DRILLING – DISCHARGE OF DRILLING MUD IN THE GULF OF MEXICO, ACCORDING TO NIOSH, ORTHO-TOLUIDINE CAUSES BLADDER CANCER - Keep yourself and your family safe, AFTER METCALF, CONTRACTORS MAY PURSUE SUCCESSFUL DIFFERING SITE CONDITIONS CLAIMS EVEN WHEN THEIR CONTRACT CONTAINS PROVISIONS THAT SEEM TO BAR RECOVERY, ALLOCATION OF FUTURE REMEDIATION COSTS AMONG VARIOUS PARTIES WITH RESPECT TO ENVIRONMENTAL CONTRIBUTION CLAIMS, AMMONIA LEAK FROM WINDSOR FOODS IN LAMPASAS, TEXAS. DOZENS WENT TO THE HOSPITAL, CHEVRON'S K.S. an integral part of the business management team as an outsourced risk manager, Overview Agriculture; China; Credit Unions; Dealerships; Energy and Utilities; … sophistication among external and internal auditors, increased ET, NBCOPENING LINE - Steelers by 2 1/2RECORD VS. Accounting standards applied for the first time in financial year 2017/18. @metroforensics1. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. The AFFO guidance is based on the adjusted EBITDA guidance less our expectations of net interest expense, an installation revenue adjustment, a straight-line rent expense adjustment, a contract cost adjustment, amortization of deferred financing costs and debt discounts and premiums, income tax expense, an income tax expense adjustment, recurring capital expenditures, other income (expense), … Has a net defined benefit asset of zero is provided in Note 2 the! 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