(Solution) 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 | Snapessays.com
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(Solution) 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


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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This question was answered on: May 23, 2022

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