{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/930/#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":"360","topic_title":"Property, Plant, and Equipment","subtopic":"360-930","subtopic_title":"Extractive Activities—Mining","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-930-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">Land that is not undergoing developmental activities necessary to get it ready for its intended use is not an asset that qualifies for interest capitalization. See paragraph <a href=\"/asc/835/20/#835-20-15-8\" class=\"xref\">835-20-15-8</a> for interest capitalization.</div></div>","snippet":"Land that is not undergoing developmental activities necessary to get it ready for its intended use is not an asset that qualifies for interest capitalization. See paragraph 835-20-15-8 for interest capitalization.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:313bcf66fa9f03ec110a412fec089623f867f64364195784fdb8ef08783670b1","downloaded_from":"2026-09-10T00:08:40.221Z","last_downloaded_at":"2026-09-10T00:08:40.221Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477232","source_sha256":"947f3999eeb85bc4233390cc4a0d5637119e2bb1a1aaa8b1284400233365f4a8"}},{"citation":"360-930-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">If current costs are provided in accordance with Subtopic <a altsource=\"GUID-EE017F9B-8187-4F6B-9CB6-33C55DED357F.ditamap\" class=\"ditamap\">255-10</a> the costs of mineral resource assets is determined by current market buying prices or by the current cost of finding and developing mineral reserves. See Section <a altsource=\"GUID-A1085668-E2F8-42F0-92AF-D2A0B9237DEE.ditamap\" class=\"ditamap\">255-10-50</a> for current cost accounting.</div></div>","snippet":"If current costs are provided in accordance with Subtopic 255-10 the costs of mineral resource assets is determined by current market buying prices or by the current cost of finding and developing mineral reserves. See S…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc62e5e00f4f3ba856dec8a2130a4202a8680e82c5d8551e419f22dc55836733","downloaded_from":"2026-09-10T00:08:40.221Z","last_downloaded_at":"2026-09-10T00:08:40.221Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477232","source_sha256":"947f3999eeb85bc4233390cc4a0d5637119e2bb1a1aaa8b1284400233365f4a8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96b66ce47998aeb1969987743951474c52534f846c3ce7ecf8f2d5b29ccf446a","downloaded_from":"2026-09-10T00:08:40.221Z","last_downloaded_at":"2026-09-10T00:08:40.221Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477232","source_sha256":"947f3999eeb85bc4233390cc4a0d5637119e2bb1a1aaa8b1284400233365f4a8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db5b3bfa016494a32b1555d548fbbab37d29b02c6d6c01b87ed6c154ca3c6eb6","downloaded_from":"2026-09-10T00:08:40.221Z","last_downloaded_at":"2026-09-10T00:08:40.221Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477232","source_sha256":"947f3999eeb85bc4233390cc4a0d5637119e2bb1a1aaa8b1284400233365f4a8"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db5b3bfa016494a32b1555d548fbbab37d29b02c6d6c01b87ed6c154ca3c6eb6","downloaded_from":"2026-09-10T00:08:40.221Z","last_downloaded_at":"2026-09-10T00:08:40.221Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477232","source_sha256":"947f3999eeb85bc4233390cc4a0d5637119e2bb1a1aaa8b1284400233365f4a8"}}