PPE – Financial Reporting Advisory, LLC

GAAP Part 4.13 PPE Exception

Plant, Property and Equipment

Do you have any PPE Associated with Asset Retirement Obligations? This includes any assets that are subject to legal agreements in which they must be retired by a certain date.

Yes

Asset Retirement Obligations and their associated Assets must both be fair valued according to the terms of the retirement plan.
The Asset Retirement Obligation must be fair valued using the credit-adjusted risk-free rate as of the acquisition date
The associated long-lived asset must be fair valued without cosnidering cash outflows related to retirement activities or the value of the ARO.
Please mark any ARO's and related long lived assets below, and enter their fair value.

Does the acquiree contain any mineral rights and/or mining assets?

Yes

These must be fair valued as a tangible asset. When estimating the fair value of a mining asset, please take into account the value beyond proven and probable reserves and the effects of anticipated fluctuations in the future market price of minerals.

Exception does not apply.

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