# ASC 330-930-05: Inventory — Extractive Activities—Mining — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

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## ASC 330-930-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/330/930/#05-overview-and-background)

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##### [330-930-05-1](https://asc.understandingaccounting.org/asc/330/930/#330-930-05-1)

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This Subtopic addresses the accounting for [stripping costs](https://asc.understandingaccounting.org/glossary/s/#stripping-costs "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.") incurred in the [production phase](https://asc.understandingaccounting.org/glossary/p/#production-phase "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.") of mining operations.