{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/835/932/","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.","number":"835-932","topic":"835","title":"Extractive Activities—Oil and Gas","area":"Broad Transactions","paragraphs":5,"summary":"This subtopic applies the general interest capitalization rules of Subtopic 835-20 to oil- and gas-producing operations that use the full cost method. Costs already being depreciated, depleted, or amortized are treated as assets in use and do not qualify for interest capitalization, while unusually significant unproved properties and major development projects not yet being amortized and on which exploration or development is in progress do qualify. It also addresses pipeline advances made to encourage exploration, which fall within the imputation-of-interest exclusion in 835-30-15-3(b) unless the advance is in a Topic 606 contract with a customer.","concepts":["full cost method","capitalized interest","qualifying assets","unproved properties","major development projects","cost center","pipeline advances","imputation of interest"],"categories":["Initial measurement","Industry-specific","Inventory and PP&E","Revenue"],"level":"intermediate","topic_title":"Interest","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"835-932-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following table identifies the changes made to this Subtopic.</div><div class=\"norm-text\"><table class=\"asc-table\" id=\"SL6809409-166190\"><tr><td class=\"entry\"><strong class=\"ph b\">Paragraph</strong></td><td class=\"entry\"><strong class=\"ph b\">Action</strong></td><td class=\"entry\"><strong class=\"ph b\">Accounting Standards Update</strong></td><td class=\"entry\"><strong class=\"ph b\">Date</strong></td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>Contract</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>Customer</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/glossary/p/#production\" class=\"term\" title=\"Production involves lifting the crude oil and natural gas to the surface, extracting saleable hydrocarbons, in the solid, liquid, or gaseous state from oil sands, shale, coalbeds, or other nonrenewable natural resources that are intended to be upgraded into synthetic oil or gas, gathering, treating, field processing (as in the case of processing gas to extract liquid hydrocarbons), and field storage. The oil and gas production function shall be regarded as ending at a terminal point, which is the outlet valve on the lease or field storage tank. If unusual physical or operational circumstances exist, it may be appropriate to regard the terminal point for the production function as: The first point at which oil, gas, or gas liquids, natural or synthetic, are delivered to a main pipeline, a common carrier, a refinery, or a marine terminal In the case of natural resources that are intended to be upgraded into synthetic oil or gas, if those natural resources are delivered to a purchaser before upgrading, the first point at which the natural resources are delivered to a main pipeline, a common carrier, a refinery, a marine terminal, or a facility that upgrades such natural resources into synthetic oil or gas.\"><span>Production</span></a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2010-03/\" class=\"xref\">Accounting Standards Update No. 2010-03</a></td><td class=\"entry\">01/06/2010</td></tr><tr><td class=\"entry\"><a href=\"/glossary/p/#properties\" class=\"term\" title=\"Mineral interests in properties (hereinafter referred to as properties), which include all of the following: Fee ownership or a lease Concession Other interest representing the legal right to produce or a revenue interest in the production of oil or gas subject to such terms as may be imposed by the conveyance of that interest. Properties also include: Royalty interests Production payments payable in oil or gas Other nonoperating interests in properties operated by others. Properties include those agreements with foreign governments or authorities under which an entity participates in the operation of the related properties or otherwise serves as producer of the underlying reserves (see paragraph 932-235-50-7); but properties do not include other supply agreements or contracts that represent the right to purchase (as opposed to extract) oil and gas. Properties are classified as proved properties or unproved properties.\"><span>Properties</span></a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2010-03/\" class=\"xref\">Accounting Standards Update No. 2010-03</a></td><td class=\"entry\">01/06/2010</td></tr><tr><td class=\"entry\"><a href=\"/glossary/r/#revenue\" class=\"term\" title=\"Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.\"><span>Revenue</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><a href=\"/asc/835/932/#835-932-25-2\" class=\"xref\">932-835-25-2</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr></table></div></div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nContract | Added | Accounting Standards Update No. 2014-09 | 05/28/2014 |\nCustomer | Add…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f726010ede73f2c711f47128d740c0a8a9180167fae40b3dc543fa70d8f65806","downloaded_from":"2026-09-10T01:50:54.044Z","last_downloaded_at":"2026-09-10T01:50:54.044Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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timestamps","source_key":"1943274/2147478956","source_sha256":"641aaf507e239f1d7abefa377ff070f94dcd71071ccba012417a4e521ab56f4e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e7633d72eda56c683260bfdb3a22c25995a1e61334a87c1d074d991c2d221619","downloaded_from":"2026-09-10T01:50:54.044Z","last_downloaded_at":"2026-09-10T01:50:54.044Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478956","source_sha256":"641aaf507e239f1d7abefa377ff070f94dcd71071ccba012417a4e521ab56f4e"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"835-932-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic addresses interest capitalization under the full cost method of accounting in the oil and gas industry.</div></div>","snippet":"This Subtopic addresses interest capitalization under the full cost method of accounting in the oil and gas industry.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:88cf7237e1e55cc17247f0a65af0a897d3b5a84b4c656ef432a8678e2252cc57","downloaded_from":"2026-09-10T01:50:56.472Z","last_downloaded_at":"2026-09-10T01:50:56.472Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477663","source_sha256":"81e7658f646b1d7da1cdf9ac49809f4aa1029439d7dc24c4e112a7c0f087164a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ba63b5dbfc7553c2401bd175161cfe474f743e9a7394db334e52a3aa0f8b6107","downloaded_from":"2026-09-10T01:50:56.472Z","last_downloaded_at":"2026-09-10T01:50:56.472Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477663","source_sha256":"81e7658f646b1d7da1cdf9ac49809f4aa1029439d7dc24c4e112a7c0f087164a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:941e6ff37d86dc6465682ed21509e80f2d2c0b472156992d0cdae5884a58602a","downloaded_from":"2026-09-10T01:50:56.472Z","last_downloaded_at":"2026-09-10T01:50:56.472Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477663","source_sha256":"81e7658f646b1d7da1cdf9ac49809f4aa1029439d7dc24c4e112a7c0f087164a"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"835-932-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-DBC21369-4585-4B41-8260-206E58C04720.ditamap\" class=\"ditamap\">932-10-15</a>.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 932-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c4da5f6637c8f8053d512bb41561850e21025ad9ce3d0f40d60d1c165f05eff1","downloaded_from":"2026-09-10T01:50:58.535Z","last_downloaded_at":"2026-09-10T01:50:58.535Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478061","source_sha256":"4c861eab45c2b0568abb41ce6c3bbe23c92a72b7ab11804c707cbe483e3bec4a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49503d9fa0053075a3f40fda82af6bafc191d950b80a238b16188957dd29e60a","downloaded_from":"2026-09-10T01:50:58.535Z","last_downloaded_at":"2026-09-10T01:50:58.535Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478061","source_sha256":"4c861eab45c2b0568abb41ce6c3bbe23c92a72b7ab11804c707cbe483e3bec4a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55d23220a007e8ae58998dd92347c8202ea03ac7f090f3ad1dcdb919bc54c598","downloaded_from":"2026-09-10T01:50:58.535Z","last_downloaded_at":"2026-09-10T01:50:58.535Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478061","source_sha256":"4c861eab45c2b0568abb41ce6c3bbe23c92a72b7ab11804c707cbe483e3bec4a"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Assets Qualifying for Interest Capitalization","paragraphs":[{"citation":"835-932-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC1E6B04-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For purposes of applying interest capitalization (see Subtopic <a altsource=\"GUID-07251D70-AAFA-429D-B7E1-4BA74D4FD303.ditamap\" class=\"ditamap\">835-20</a>) to oil- and gas-producing operations accounted for by the full cost method, assets whose costs are being currently depreciated, depleted, or amortized are assets in use in the earning activities of the entity and are not assets qualifying for capitalization of interest cost as defined in paragraph <a href=\"/asc/835/20/#835-20-15-5\" class=\"xref\">835-20-15-5</a>. Unusually significant investments in <a href=\"/glossary/u/#unproved-properties\" class=\"term\" title=\"Unproved properties are properties with no proved reserves.\"><span>unproved properties</span></a> and major development projects that are not being currently depreciated, depleted, or amortized and on which <a href=\"/glossary/e/#exploration\" class=\"term\" title=\"Exploration involves both of the following: Identifying areas that may warrant examination Examining specific areas that are considered to have prospects of containing oil and gas reserves, including drilling exploratory wells and exploratory-type stratigraphic test wells.\"><span>exploration</span></a> or development activities are in progress are assets qualifying for capitalization of interest cost. Similarly, in a cost center with no <a href=\"/glossary/p/#production\" class=\"term\" title=\"Production involves lifting the crude oil and natural gas to the surface, extracting saleable hydrocarbons, in the solid, liquid, or gaseous state from oil sands, shale, coalbeds, or other nonrenewable natural resources that are intended to be upgraded into synthetic oil or gas, gathering, treating, field processing (as in the case of processing gas to extract liquid hydrocarbons), and field storage. The oil and gas production function shall be regarded as ending at a terminal point, which is the outlet valve on the lease or field storage tank. If unusual physical or operational circumstances exist, it may be appropriate to regard the terminal point for the production function as: The first point at which oil, gas, or gas liquids, natural or synthetic, are delivered to a main pipeline, a common carrier, a refinery, or a marine terminal In the case of natural resources that are intended to be upgraded into synthetic oil or gas, if those natural resources are delivered to a purchaser before upgrading, the first point at which the natural resources are delivered to a main pipeline, a common carrier, a refinery, a marine terminal, or a facility that upgrades such natural resources into synthetic oil or gas.\"><span>production</span></a>, significant <a href=\"/glossary/p/#properties\" class=\"term\" title=\"Mineral interests in properties (hereinafter referred to as properties), which include all of the following: Fee ownership or a lease Concession Other interest representing the legal right to produce or a revenue interest in the production of oil or gas subject to such terms as may be imposed by the conveyance of that interest. Properties also include: Royalty interests Production payments payable in oil or gas Other nonoperating interests in properties operated by others. Properties include those agreements with foreign governments or authorities under which an entity participates in the operation of the related properties or otherwise serves as producer of the underlying reserves (see paragraph 932-235-50-7); but properties do not include other supply agreements or contracts that represent the right to purchase (as opposed to extract) oil and gas. Properties are classified as proved properties or unproved properties.\"><span>properties</span></a> and projects on which exploration or development activities are in progress are assets qualifying for capitalization of interest cost. </span></span></div></div>","snippet":"For purposes of applying interest capitalization (see Subtopic 835-20) to oil- and gas-producing operations accounted for by the full cost method, assets whose costs are being currently depreciated, depleted, or amortize…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bbec8b4fae35792e632478438d375c7e3d7f2c8c11a170eb93fe218b98269a0d","downloaded_from":"2026-09-10T01:51:04.953Z","last_downloaded_at":"2026-09-10T01:51:04.953Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477587","source_sha256":"97f32839acff4acffed752cb656e39b4f6c6f797c8c47bc41ba6ebf2385d6e39"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c1a614c0fad133cb258c2e994c6c0967873da26d0a9a1d4a2d765a62c0e8d2e5","downloaded_from":"2026-09-10T01:51:04.953Z","last_downloaded_at":"2026-09-10T01:51:04.953Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477587","source_sha256":"97f32839acff4acffed752cb656e39b4f6c6f797c8c47bc41ba6ebf2385d6e39"}},{"block":null,"heading":"Advances Satisfied by Delivery of Future Production","paragraphs":[{"citation":"835-932-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC1E6C29-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In certain transactions, pipeline entities make advances to encourage exploration. These advances are satisfied by delivery of future production, but there is also a definite obligation to repay if the future production is insufficient to discharge the obligation by a definite date. </span></span><span class=\"sfragment\" id=\"sfr_EC1E6D0D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> The advance is covered by the exclusion in paragraph <a href=\"/asc/835/30/#835-30-15-3\" class=\"xref\">835-30-15-3(b)</a> even though there may be an obligation to repay should the future production prove insufficient to discharge the obligation. </span></span><span class=\"sfragment\" id=\"sfr_EC1E6DCF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> However, if the advance is in a <a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>contract</span></a> with a <a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>customer</span></a> within the scope of Topic <a altsource=\"GUID-90450890-CA59-4C9A-A88C-D53D3DE3192F.ditamap\" class=\"ditamap\">606</a> on <a href=\"/glossary/r/#revenue\" class=\"term\" title=\"Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.\"><span>revenue</span></a> from contracts with customers, the guidance in Topic <a altsource=\"GUID-90450890-CA59-4C9A-A88C-D53D3DE3192F.ditamap\" class=\"ditamap\">606</a>shall be applied.</span></span></div></div>","snippet":"In certain transactions, pipeline entities make advances to encourage exploration. These advances are satisfied by delivery of future production, but there is also a definite obligation to repay if the future production …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f9b3c63e3145f8e62a4df00884d2a55ed8ce9e6118c31aa2b3aac14e58c4d95","downloaded_from":"2026-09-10T01:51:04.953Z","last_downloaded_at":"2026-09-10T01:51:04.953Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477587","source_sha256":"97f32839acff4acffed752cb656e39b4f6c6f797c8c47bc41ba6ebf2385d6e39"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ac92cadfad25d8a55008dca4acd2c8bec9cb9b92ee97380179b2e39bf52cbd9c","downloaded_from":"2026-09-10T01:51:04.953Z","last_downloaded_at":"2026-09-10T01:51:04.953Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477587","source_sha256":"97f32839acff4acffed752cb656e39b4f6c6f797c8c47bc41ba6ebf2385d6e39"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae2ba662655d8f241a5058a06b02e491423617c45f13ca8f92150239f1a690b8","downloaded_from":"2026-09-10T01:51:04.953Z","last_downloaded_at":"2026-09-10T01:51:04.953Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477587","source_sha256":"97f32839acff4acffed752cb656e39b4f6c6f797c8c47bc41ba6ebf2385d6e39"}}],"enrichment":{"summary":"This subtopic applies the general interest capitalization rules of Subtopic 835-20 to oil- and gas-producing operations that use the full cost method. Costs already being depreciated, depleted, or amortized are treated as assets in use and do not qualify for interest capitalization, while unusually significant unproved properties and major development projects not yet being amortized and on which exploration or development is in progress do qualify. It also addresses pipeline advances made to encourage exploration, which fall within the imputation-of-interest exclusion in 835-30-15-3(b) unless the advance is in a Topic 606 contract with a customer.","key_points":["Under the full cost method, assets whose costs are currently being depreciated, depleted, or amortized are assets in use in the earning activities of the entity and are not qualifying assets for interest capitalization under paragraph 835-20-15-5 (835-932-25-1).","Unusually significant investments in unproved properties and major development projects that are not currently being depreciated, depleted, or amortized, and on which exploration or development activities are in progress, are qualifying assets for interest capitalization (835-932-25-1).","In a cost center with no production, significant properties and projects on which exploration or development activities are in progress are qualifying assets for interest capitalization (835-932-25-1).","Pipeline entity advances to encourage exploration, satisfied by delivery of future production but with a definite obligation to repay by a definite date if production is insufficient, are covered by the imputed-interest exclusion in paragraph 835-30-15-3(b) (835-932-25-2).","If such an advance is in a contract with a customer within the scope of Topic 606, the guidance in Topic 606 shall be applied instead (835-932-25-2).","The scope of this Subtopic follows Section 932-10-15 (835-932-15-1)."],"categories":["Initial measurement","Industry-specific","Inventory and PP&E","Revenue"],"audience_level":"intermediate","student_note":"The trap is assuming all full cost pool assets qualify for interest capitalization: once costs enter the amortization base they are \"in use\" and no longer qualifying, so only significant unproved properties and major development projects still under exploration or development (or any active project in a non-producing cost center) support capitalized interest.","related_topics":["835-20","835-30","932-10","932-360","606"],"key_concepts":["full cost method","capitalized interest","qualifying assets","unproved properties","major development projects","cost center","pipeline advances","imputation of interest"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:199b2faa48b7e2fe8958ffd3fe088be7c40f175f879488971b2207410967b647","downloaded_from":"2026-09-10T01:50:54.044Z","last_downloaded_at":"2026-09-10T01:51:06.744Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"470-932","title":"Extractive Activities—Oil and 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