# ASC 340-970-40: Other Assets and Deferred Costs — Real Estate—General — 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/340/970/#40-derecognition)

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## ASC 340-970-40: 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/340/970/#40-derecognition)

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### Real Estate Project Costs

##### [340-970-40-1](https://asc.understandingaccounting.org/asc/340/970/#340-970-40-1)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

#### Rental Costs

##### [340-970-40-2](https://asc.understandingaccounting.org/asc/340/970/#340-970-40-2)

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Estimated unrecoverable amounts of unamortized capitalized rental costs associated with a lease or group of leases shall be charged to expense when it becomes probable that the lease(s) will be terminated.