# ASC 720-970-05: Other Expenses — Real Estate—General — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/720/970/#05-overview-and-background)

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.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-10T01:13:33.685Z to 2026-09-10T01:13:33.685Z

Record version: sha256:3fa51641b38808854f1e3edaa8c4372bb7968e31fb0501bae897feec043479e9

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 720-970-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/720/970/#05-overview-and-background)

SEC content: no

##### [720-970-05-1](https://asc.understandingaccounting.org/asc/720/970/#720-970-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:13:33.685Z to 2026-09-10T01:13:33.685Z

Record version: sha256:17aee5c8ec10a07d779b7ea53a6407339736aeeb77dd54bcefef2777de67da5c

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The content in this Subtopic is contained in the Real Estate Project Costs Subsections.

### Real Estate Project Costs

##### [720-970-05-2](https://asc.understandingaccounting.org/asc/720/970/#720-970-05-2)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:13:33.685Z to 2026-09-10T01:13:33.685Z

Record version: sha256:590c6f27427e45f8abe22a8bafdbb3a24a9e2c7a1d19e16e800a4b7fc3285cf8

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The Real Estate Project Costs Subsections of this Subtopic provide guidance on the capitalization and expensing of 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.").

##### [720-970-05-3](https://asc.understandingaccounting.org/asc/720/970/#720-970-05-3)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:13:33.685Z to 2026-09-10T01:13:33.685Z

Record version: sha256:886676cf46b10ae2cac9b7d25bb5aab7098467c59ee44454aab064c0cfa65987

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


See the [Real Estate Project Costs Subsection](https://asc.understandingaccounting.org/updates/page-2147482051/) of Section 970-340-25 for guidance on the accounting for internal costs relating to real estate property acquisitions.