{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/978/#60-relationships","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":"340-978","subtopic_title":"Real Estate—Time-Sharing Activities","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"340-978-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_31DCEE0C-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For expense determination of all costs incurred to sell <a href=\"/glossary/t/#time-sharing\" class=\"term\" title=\"An arrangement in which a seller sells or conveys the right to occupy a dwelling unit for specified periods in the future. Forms of time-sharing arrangements include but are not limited to fixed and floating time, interval ownership, undivided interests, points programs, vacation clubs, right-to-use arrangements such as tenancy-for-years arrangements, and arrangements involving special-purpose entities. In this context, an undivided interest is a time-sharing arrangement that involves a tenant-in-common interest in a condominium unit or entire improved property, and in which the interest holder is assigned a specific period (generally, a specific week). The interest holder is also assigned a specific unit if the undivided interest is in the entire improved property.\"><span>time-sharing</span></a> <a href=\"/glossary/i/#interval\" class=\"term\" title=\"The specific period (generally, a specific week) during the year that a time-sharing unit is specified by agreement to be available for occupancy by a particular customer. Also denoted Time-Sharing Interest or Time-Share.\"><span>intervals</span></a> see Subtopic <a altsource=\"GUID-4F83F042-87DA-40E8-BD1B-8C7D1BEED7DC.ditamap\" class=\"ditamap\">340-40</a> on the incremental cost of obtaining a contract with a customer. </span></span></div></div>","snippet":"For expense determination of all costs incurred to sell time-sharing intervals see Subtopic 340-40 on the incremental cost of obtaining a contract with a customer.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f8dc8bc9619c86a2b94d7878b2952ade18255b64a38691e065a2a75e8ec59fa8","downloaded_from":"2026-09-09T23:59:36.956Z","last_downloaded_at":"2026-09-09T23:59:36.956Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478215","source_sha256":"2b0df994ebc6c72bdda3665e45126dad08967e73a50b0717dc2910dca46d2d0a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:54a4d0287531728137d48eabb58ca4af0465d47abd980a19b19862c663816a83","downloaded_from":"2026-09-09T23:59:36.956Z","last_downloaded_at":"2026-09-09T23:59:36.956Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478215","source_sha256":"2b0df994ebc6c72bdda3665e45126dad08967e73a50b0717dc2910dca46d2d0a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7469102ded7cd4413ee98a76655b6acf3df1db4e9a20657a09274c44b58063b0","downloaded_from":"2026-09-09T23:59:36.956Z","last_downloaded_at":"2026-09-09T23:59:36.956Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478215","source_sha256":"2b0df994ebc6c72bdda3665e45126dad08967e73a50b0717dc2910dca46d2d0a"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7469102ded7cd4413ee98a76655b6acf3df1db4e9a20657a09274c44b58063b0","downloaded_from":"2026-09-09T23:59:36.956Z","last_downloaded_at":"2026-09-09T23:59:36.956Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478215","source_sha256":"2b0df994ebc6c72bdda3665e45126dad08967e73a50b0717dc2910dca46d2d0a"}}