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ACCOUNTING TREATMENT OF REMEDIAL COSTS

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Definition:
Remedial costs (restoration of land or site) are treated as land improvement. They are included in the fixed capital formation.

Source Publication:
United Nations, European Commission, International Monetary Fund, Organisation for Economic Co-operation and Development, World Bank , 2005, Handbook of National Accounting: Integrated Environmental and Economic Accounting 2003, Studies in Methods, Series F, No.61, Rev.1, Glossary, United Nations, New York, para. 6.83.

Statistical Theme: Environmental statistics

Created on Monday, July 04, 2005

Last updated on Tuesday, April 23, 2013