{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/970/#05-overview-and-background","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":"340","topic_title":"Other Assets and Deferred Costs","subtopic":"340-970","subtopic_title":"Real Estate—General","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"340-970-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The content in this Subtopic is contained in the Real Estate <a href=\"/glossary/p/#project-costs\" class=\"term\" title=\"Costs clearly associated with the acquisition, development, and construction of a real estate project.\"><span>Project Costs</span></a> Subsections.</div></div>","snippet":"The content in this Subtopic is contained in the Real Estate Project Costs 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and construction of a real estate project.\"><span>Project Costs</span></a> Subsections of this Subtopic provide accounting guidance concerning the capitalization, measurement, and derecognition of certain real estate project costs.</div></div>","snippet":"The Real Estate Project Costs Subsections of this Subtopic provide accounting guidance concerning the capitalization, measurement, and derecognition of certain real estate project costs.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be88ed9601a35605cf76f7b4d23bf258bc098f51efe15726093c8eb8277dff1b","downloaded_from":"2026-09-09T23:59:01.483Z","last_downloaded_at":"2026-09-09T23:59:01.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477878","source_sha256":"681eaf0f649175418824da8340adcbf0fb18b577339a2a81f42a0c7bcbe5bee6"}},{"citation":"340-970-05-3","para":"05-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">See also Subtopic <a altsource=\"GUID-07251D70-AAFA-429D-B7E1-4BA74D4FD303.ditamap\" class=\"ditamap\">835-20</a> for additional guidance related to interest costs that can be capitalized into project costs.</div></div>","snippet":"See also Subtopic 835-20 for additional guidance related to interest costs that can be capitalized into project costs.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:74d007fdfa8df8038e53dcaf4e8f47fc1fef4ced598c23dfb9dd01e406dc75ee","downloaded_from":"2026-09-09T23:59:01.483Z","last_downloaded_at":"2026-09-09T23:59:01.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477878","source_sha256":"681eaf0f649175418824da8340adcbf0fb18b577339a2a81f42a0c7bcbe5bee6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b9f49a1fef065c459ba1e794e7a74732801d0dc4f59e16964cf6222e79e252dd","downloaded_from":"2026-09-09T23:59:01.483Z","last_downloaded_at":"2026-09-09T23:59:01.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not 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