# ASC 740-932-25: Income Taxes — Extractive Activities—Oil and Gas — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/740/932/#25-recognition)

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## ASC 740-932-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/740/932/#25-recognition)

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##### [740-932-25-1](https://asc.understandingaccounting.org/asc/740/932/#740-932-25-1)

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The tax benefit of the excess of statutory depletion over cost depletion for tax purposes shall be recognized in the period in which the excess is deducted for income tax purposes.