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If a company developed a property and gets a real estate

If a company developed a property and gets a real estate tax abatement for like 10 years (don't pay real estate tax), how would you account for the fees paid in relation to the tax exemption (paid to a city). Would it be:

- Capitalized to property

- Deferred cost and amortized over 10 years, or

- Expense outright.

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Accounting Basics: If a company developed a property and gets a real estate

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Accounting Basics: If a company developed a property and gets a real estate

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