# ASC 360-970-05: Property, Plant, and Equipment — Real Estate—General — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/360/970/#05-overview-and-background)

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## ASC 360-970-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/360/970/#05-overview-and-background)

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##### [360-970-05-1](https://asc.understandingaccounting.org/asc/360/970/#360-970-05-1)

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The content in this Subtopic is contained in the Real Estate Syndication Subsections and 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 Syndication

##### [360-970-05-2](https://asc.understandingaccounting.org/asc/360/970/#360-970-05-2)

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The Real Estate Syndication Subsections of this Subtopic provide guidance on the accounting treatment by a real estate syndication for payments to and receipts from a real estate developer that sold property to the syndication.

### Real Estate Project Costs

##### [360-970-05-3](https://asc.understandingaccounting.org/asc/360/970/#360-970-05-3)

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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 recognition and measurement guidance on the allocation of capitalized costs of real estate projects and changes in the use of real estate. In addition, they discuss the treatment of real estate donated or abandoned and the recoverability of the carrying amount of real estate projects.

##### [360-970-05-4](https://asc.understandingaccounting.org/asc/360/970/#360-970-05-4)

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See Subtopic 970-340 for additional guidance on capitalization of real estate project costs.