# ASC 740-932-30: Income Taxes — Extractive Activities—Oil and Gas — 30 Initial Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/740/932/#30-initial-measurement)

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## ASC 740-932-30: 30 Initial Measurement

[Read section](https://asc.understandingaccounting.org/asc/740/932/#30-initial-measurement)

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##### [740-932-30-1](https://asc.understandingaccounting.org/asc/740/932/#740-932-30-1)

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In applying the comprehensive interperiod income tax allocation provision, the possibility that statutory depletion in future periods will reduce or eliminate taxable income in future years shall be considered in determining whether it is more likely than not that the tax benefits of deferred tax assets will not be realized.