# ASC 360-930-25: Property, Plant, and Equipment — Extractive Activities—Mining — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/360/930/#25-recognition)

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## ASC 360-930-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/360/930/#25-recognition)

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##### [360-930-25-1](https://asc.understandingaccounting.org/asc/360/930/#360-930-25-1)

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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](https://asc.understandingaccounting.org/asc/835/20/#835-20-15-8) for interest capitalization.

##### [360-930-25-2](https://asc.understandingaccounting.org/asc/360/930/#360-930-25-2)

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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 Section 255-10-50 for current cost accounting.