{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/720/970/#05-overview-and-background","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":"720-970","subtopic_title":"Real Estate—General","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"720-970-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The content in this Subtopic is contained in the Real Estate Project Costs Subsections.</div></div>","snippet":"The content in this Subtopic is contained in the Real Estate Project Costs Subsections.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:17aee5c8ec10a07d779b7ea53a6407339736aeeb77dd54bcefef2777de67da5c","downloaded_from":"2026-09-10T01:13:33.685Z","last_downloaded_at":"2026-09-10T01:13:33.685Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477262","source_sha256":"e8a2feb8d1ff8488b43845750a956f3873418eaf2986c955063202ae61db2843"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d137f52545696779398116485a1670af3f983633c3348cbbd1afa58c4db190ff","downloaded_from":"2026-09-10T01:13:33.685Z","last_downloaded_at":"2026-09-10T01:13:33.685Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477262","source_sha256":"e8a2feb8d1ff8488b43845750a956f3873418eaf2986c955063202ae61db2843"}},{"block":"Real Estate Project Costs","heading":null,"paragraphs":[{"citation":"720-970-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Real Estate Project Costs Subsections of this Subtopic provide guidance on the capitalization and expensing of real estate <a href=\"/glossary/p/#project-costs\" class=\"term\" title=\"Costs clearly associated with the acquisition, development, and construction of a real estate project.\"><span>project costs</span></a>.</div></div>","snippet":"The Real Estate Project Costs Subsections of this Subtopic provide guidance on the capitalization and expensing of real estate project costs.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:590c6f27427e45f8abe22a8bafdbb3a24a9e2c7a1d19e16e800a4b7fc3285cf8","downloaded_from":"2026-09-10T01:13:33.685Z","last_downloaded_at":"2026-09-10T01:13:33.685Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477262","source_sha256":"e8a2feb8d1ff8488b43845750a956f3873418eaf2986c955063202ae61db2843"}},{"citation":"720-970-05-3","para":"05-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">See the <a href=\"/updates/page-2147482051/\" class=\"xref\">Real Estate Project Costs Subsection</a> of Section 970-340-25 for guidance on the accounting for internal costs relating to real estate property acquisitions.</div></div>","snippet":"See the Real Estate Project Costs Subsection of Section 970-340-25 for guidance on the accounting for internal costs relating to real estate property acquisitions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:886676cf46b10ae2cac9b7d25bb5aab7098467c59ee44454aab064c0cfa65987","downloaded_from":"2026-09-10T01:13:33.685Z","last_downloaded_at":"2026-09-10T01:13:33.685Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477262","source_sha256":"e8a2feb8d1ff8488b43845750a956f3873418eaf2986c955063202ae61db2843"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0b5e2d127bcb3cdc7300ffff4e0d458fec5e8948125c9b52869e4c6a0923104","downloaded_from":"2026-09-10T01:13:33.685Z","last_downloaded_at":"2026-09-10T01:13:33.685Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477262","source_sha256":"e8a2feb8d1ff8488b43845750a956f3873418eaf2986c955063202ae61db2843"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3fa51641b38808854f1e3edaa8c4372bb7968e31fb0501bae897feec043479e9","downloaded_from":"2026-09-10T01:13:33.685Z","last_downloaded_at":"2026-09-10T01:13:33.685Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477262","source_sha256":"e8a2feb8d1ff8488b43845750a956f3873418eaf2986c955063202ae61db2843"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3fa51641b38808854f1e3edaa8c4372bb7968e31fb0501bae897feec043479e9","downloaded_from":"2026-09-10T01:13:33.685Z","last_downloaded_at":"2026-09-10T01:13:33.685Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477262","source_sha256":"e8a2feb8d1ff8488b43845750a956f3873418eaf2986c955063202ae61db2843"}}