{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/720/15/#25-recognition","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":"720","topic_title":"Other Expenses","subtopic":"720-15","subtopic_title":"Start-Up Costs","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"720-15-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_02525F7E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Costs of <a href=\"/glossary/s/#start-up-activities\" class=\"term\" title=\"Defined broadly as those one-time activities related to any of the following: Opening a new facility Introducing a new product or service Conducting business in a new territory Conducting business with an entirely new class of customers (for example, a manufacturer who does all of its business with retailers attempts to sell merchandise directly to the public) or beneficiary Initiating a new process in an existing facility Commencing some new operation.\"><span>start-up activities</span></a>, including organization costs, shall be expensed as incurred. </span></span></div></div>","snippet":"Costs of start-up activities, including organization costs, shall be expensed as incurred.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b55fc14bb28da79ce0110b0cced4f253774988b82816da6412d12e9c19218408","downloaded_from":"2026-09-10T01:07:11.822Z","last_downloaded_at":"2026-09-10T01:07:11.822Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483417","source_sha256":"2a988af1922f240251c69dd4ab3e08b624edbdc1a0137b3123c0c9686660f846"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61e66a4f234bddd2375a7781ab827c43244dc9222de3350548916a7a54dac6fd","downloaded_from":"2026-09-10T01:07:11.822Z","last_downloaded_at":"2026-09-10T01:07:11.822Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483417","source_sha256":"2a988af1922f240251c69dd4ab3e08b624edbdc1a0137b3123c0c9686660f846"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0277c7c5491741b3a94a70cef3cc9312e0921dda3d08f3acbaf79e618e38abe9","downloaded_from":"2026-09-10T01:07:11.822Z","last_downloaded_at":"2026-09-10T01:07:11.822Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483417","source_sha256":"2a988af1922f240251c69dd4ab3e08b624edbdc1a0137b3123c0c9686660f846"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0277c7c5491741b3a94a70cef3cc9312e0921dda3d08f3acbaf79e618e38abe9","downloaded_from":"2026-09-10T01:07:11.822Z","last_downloaded_at":"2026-09-10T01:07:11.822Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483417","source_sha256":"2a988af1922f240251c69dd4ab3e08b624edbdc1a0137b3123c0c9686660f846"}}