{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/932/#sec-50-disclosure","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":"360-932","subtopic_title":"Extractive Activities—Oil and Gas","section":{"number":"S50","label":"SEC 50 Disclosure","anchor":"sec-50-disclosure","is_sec":true,"groups":[{"block":null,"heading":"Capitalized Costs","paragraphs":[{"citation":"360-932-S50-1","para":"S50-1","html":"See paragraph 932-10-S99-1, Regulation S-X Rule 4-10(c)(7), for required disclosures under the full cost method of accounting. See paragraph 932-360-S99-2, SAB Topic 12.D.3.b, for SEC Staff views on disclosure requirements when cash flow hedges are used in the computation of the limitation on capitalized costs. See paragraph 932-360-S99-2, SAB Topic 12.D.3.c, for SEC Staff views on disclosure requirements when subsequent events affect the computation of the limitation on capitalized costs. See paragraph 932-360-S99-2, SAB Topic 12.D.4.a, for SEC Staff views on disclosure requirements pertaining to the interaction of FASB Statement No. 143, Accounting for Asset Retirement Obligations, and the full cost rules. See paragraph 932-10-S99-1, Regulation S-X Rule 4-10(c)(7)(i), for required disclosures pertaining to the amortization of capitalized costs. See paragraph 932-360-S99-3, SAB Topic 12.F, for SEC Staff views on disclosures when entities apply the gross revenue method of amortizing capitalized costs. See paragraph 932-360-S99-1, SAB Topic 12.A.3.b, for SEC Staff views on disclosures for unproved properties. See paragraph 932-360-S99-4, SAB Topic 12.G, for SEC Staff views on disclosure requirements when methane gas is included in proved reserves.