The accounting for impairment and loss recognition of property depends on the type of property (e.g., property held for development or completed real estate project) and the intent of the owner with respect to its use, once a project is completed. Paragraph... 

When evaluating a real estate sale transaction, two separate issues arise: (1). Is it appropriate to record the transaction as a sale? And; (2). If a sale can be recorded, what method should be used to recognize profit on the sale? This post is going... 

A real estate project is considered substantially completed and held available for occupancy upon completion of tenant improvements by the developer, but no later than one year from cessation of major construction activity. Once a real estate project...