# ASC 340-970-05: Other Assets and Deferred Costs — Real Estate—General — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/340/970/#05-overview-and-background)

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## ASC 340-970-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/340/970/#05-overview-and-background)

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##### [340-970-05-1](https://asc.understandingaccounting.org/asc/340/970/#340-970-05-1)

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The content in this Subtopic is contained in the Real Estate [Project Costs](https://asc.understandingaccounting.org/glossary/p/#project-costs "Costs clearly associated with the acquisition, development, and construction of a real estate project.") Subsections.

### Real Estate Project Costs

##### [340-970-05-2](https://asc.understandingaccounting.org/asc/340/970/#340-970-05-2)

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The Real Estate [Project Costs](https://asc.understandingaccounting.org/glossary/p/#project-costs "Costs clearly associated with the acquisition, development, and construction of a real estate project.") Subsections of this Subtopic provide accounting guidance concerning the capitalization, measurement, and derecognition of certain real estate project costs.

##### [340-970-05-3](https://asc.understandingaccounting.org/asc/340/970/#340-970-05-3)

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See also Subtopic 835-20 for additional guidance related to interest costs that can be capitalized into project costs.