{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/930/#25-recognition","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":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Production Phase Stripping Costs","paragraphs":[{"citation":"330-930-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_E58D6664-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><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 during 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 a mine are variable production costs that should be included in the costs of the inventory produced (that is, extracted) during the period that the stripping costs are incurred. </span></span></div></div>","snippet":"Stripping costs incurred during the production phase of a mine are variable production costs that should be included in the costs of the inventory produced (that is, extracted) during the period that the stripping costs …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cde2906dc824cbeeaf897a99f037104cf3744da5589fe47e9c8faec156ee2e61","downloaded_from":"2026-09-09T23:53:06.919Z","last_downloaded_at":"2026-09-09T23:53:06.919Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477618","source_sha256":"e126f7431470a19c89d5ca52f4328565458889a51bbbd426c11efbd37fa35f42"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7a13b8c285d57561fa79a0117f202939a11d76b492135f3f124c1d8fb2e6f6d","downloaded_from":"2026-09-09T23:53:06.919Z","last_downloaded_at":"2026-09-09T23:53:06.919Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477618","source_sha256":"e126f7431470a19c89d5ca52f4328565458889a51bbbd426c11efbd37fa35f42"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cca7032905310bffbfc076d928e30003c41dd41d380484e27ed37383306d0b39","downloaded_from":"2026-09-09T23:53:06.919Z","last_downloaded_at":"2026-09-09T23:53:06.919Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477618","source_sha256":"e126f7431470a19c89d5ca52f4328565458889a51bbbd426c11efbd37fa35f42"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cca7032905310bffbfc076d928e30003c41dd41d380484e27ed37383306d0b39","downloaded_from":"2026-09-09T23:53:06.919Z","last_downloaded_at":"2026-09-09T23:53:06.919Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477618","source_sha256":"e126f7431470a19c89d5ca52f4328565458889a51bbbd426c11efbd37fa35f42"}}