United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1997-11-20 monographic deposited born digital 22 p. GA 1.13:AIMD-98-9 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-98-9 P0b002ee18038253f f:ai98009 DGPO 2010-08-12 2011-03-28 GAOREPORTS-AIMD-98-9 machine generated eng fdlp REPORT GAOREPORTS-AIMD-98-9 AIMD-98-9 Cost analysis Military aircraft Accounting procedures Hazardous substances Waste treatment Property disposal Financial statements Government liability (legal) F-16 Aircraft F-14 Aircraft F-18 Aircraft B-1B Aircraft Apache Helicopter AH-64 Helicopter Letter Report AIMD

Pursuant to a legislative mandate, GAO reviewed: (1) the status of the Department of Defense's (DOD) efforts to implement the new federal accounting standard for disclosure of liabilities, such as aircraft disposal; and (2) whether an estimate of the minimum disposal liability for aircraft, including the removal and disposal of hazardous materials, could be made.<p/>GAO noted that: (1) DOD has not implemented the federal accounting standard that requires recognizing and reporting liabilities such as those associated with aircraft disposal, nor has DOD provided guidance to the military services; (2) aircraft disposal is an ongoing process and the cost can be reasonably estimated; (3) accordingly, these activities meet the criteria for a reportable liability; (4) information on the three major disposal processes--demilitarization, storage and maintenance, and hazardous materials removal and disposal--is available to develop cost estimates; (5) Congress has recognized the importance of accumulating and considering disposal cost information; and (6) in the National Defense Authorization Act for Fiscal Year 1995, Congress required DOD to develop life-cycle environmental costs, including demilitarization and disposal costs, for major defense aquisition programs. https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-98-9/html/GAOREPORTS-AIMD-98-9.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-98-9/pdf/GAOREPORTS-AIMD-98-9.pdf GAO/AIMD-98-9 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-98-9 Letter Report GAO/AIMD-98-9; Financial Management: DOD's Liability for Aircraft Disposal Can Be Estimated; Cost analysis Military aircraft Accounting procedures Hazardous substances Waste treatment Property disposal Financial statements Government liability (legal) F-16 Aircraft F-14 Aircraft F-18 Aircraft B-1B Aircraft Apache Helicopter AH-64 Helicopter Title 31 Section 720 31 U.S.C. 720