{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/930/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"330","topic_title":"Inventory","subtopic":"330-930","subtopic_title":"Extractive Activities—Mining","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-930-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_E579E20A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic addresses the accounting for <a href=\"/glossary/s/#stripping-costs\" class=\"term\" title=\"Stripping costs are costs incurred for the removal of overburden or waste materials for the purpose of obtaining access to an ore body that will be commercially produced.\"><span>stripping costs</span></a> incurred in the <a href=\"/glossary/p/#production-phase\" class=\"term\" title=\"The production phase of a mine is deemed to begin when saleable minerals are extracted (produced) from an ore body, regardless of the level of production. However, the production phase does not commence with the removal of de minimis saleable mineral material that occurs in conjunction with the removal of overburden or waste material for the purpose of obtaining access to an ore body.\"><span>production phase</span></a> of mining operations. </span></span></div></div>","snippet":"This Subtopic addresses the accounting for stripping costs incurred in the production phase of mining operations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8bf252fa0b555c8b8f819faf729f664a61bfe1eb93a1d803ab64167c3e7eb014","downloaded_from":"2026-09-09T23:52:57.013Z","last_downloaded_at":"2026-09-09T23:52:57.013Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479150","source_sha256":"5b80072f922d2a20660ac10dfd6c9471351ccecb3effdec101303c67b867880c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0bf0e98070cb0b0963c0fc4ffbf63488ac0c2827053d56971e6fad0f39b7951a","downloaded_from":"2026-09-09T23:52:57.013Z","last_downloaded_at":"2026-09-09T23:52:57.013Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479150","source_sha256":"5b80072f922d2a20660ac10dfd6c9471351ccecb3effdec101303c67b867880c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8675b71e03ec124b559775965252341b9b28f2293cc7093609b07dc896229a47","downloaded_from":"2026-09-09T23:52:57.013Z","last_downloaded_at":"2026-09-09T23:52:57.013Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479150","source_sha256":"5b80072f922d2a20660ac10dfd6c9471351ccecb3effdec101303c67b867880c"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8675b71e03ec124b559775965252341b9b28f2293cc7093609b07dc896229a47","downloaded_from":"2026-09-09T23:52:57.013Z","last_downloaded_at":"2026-09-09T23:52:57.013Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479150","source_sha256":"5b80072f922d2a20660ac10dfd6c9471351ccecb3effdec101303c67b867880c"}}