# ASC 360-932-S50: Property, Plant, and Equipment — Extractive Activities—Oil and Gas — SEC 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/360/932/#sec-50-disclosure)

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## ASC 360-932-S50: SEC 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/360/932/#sec-50-disclosure)

SEC content: yes

#### Capitalized Costs

##### [360-932-S50-1](https://asc.understandingaccounting.org/asc/360/932/#360-932-S50-1)

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See paragraph [932-10-S99-1](https://asc.understandingaccounting.org/asc/932/10/#932-10-S99-1), Regulation S-X Rule 4-10(c)(7), for required disclosures under the full cost method of accounting.

#### Limitation on Capitalized Costs

##### [360-932-S50-2](https://asc.understandingaccounting.org/asc/360/932/#360-932-S50-2)

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See paragraph [932-360-S99-2](https://asc.understandingaccounting.org/asc/360/932/#360-932-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.

##### [360-932-S50-3](https://asc.understandingaccounting.org/asc/360/932/#360-932-S50-3)

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See paragraph [932-360-S99-2](https://asc.understandingaccounting.org/asc/360/932/#360-932-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.

##### [360-932-S50-4](https://asc.understandingaccounting.org/asc/360/932/#360-932-S50-4)

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See paragraph [932-360-S99-2](https://asc.understandingaccounting.org/asc/360/932/#360-932-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.

#### Amortization of Capitalized Costs

##### [360-932-S50-5](https://asc.understandingaccounting.org/asc/360/932/#360-932-S50-5)

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See paragraph [932-10-S99-1](https://asc.understandingaccounting.org/asc/932/10/#932-10-S99-1), Regulation S-X Rule 4-10(c)(7)(i), for required disclosures pertaining to the amortization of capitalized costs.

##### [360-932-S50-6](https://asc.understandingaccounting.org/asc/360/932/#360-932-S50-6)

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See paragraph [932-360-S99-3](https://asc.understandingaccounting.org/asc/360/932/#360-932-S99-3), SAB Topic 12.F, for SEC Staff views on disclosures when entities apply the gross revenue method of amortizing capitalized costs.

#### Unproved Reserves

##### [360-932-S50-7](https://asc.understandingaccounting.org/asc/360/932/#360-932-S50-7)

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See paragraph [932-360-S99-1](https://asc.understandingaccounting.org/asc/360/932/#360-932-S99-1), SAB Topic 12.A.3.b, for SEC Staff views on disclosures for unproved properties.

#### Inclusion of Methane Gas in Proved Reserves

##### [360-932-S50-8](https://asc.understandingaccounting.org/asc/360/932/#360-932-S50-8)

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See paragraph [932-360-S99-4](https://asc.understandingaccounting.org/asc/360/932/#360-932-S99-4), SAB Topic 12.G, for SEC Staff views on disclosure requirements when methane gas is included in proved reserves.