Real Estate
Buyer's Broker Commission on Acquisition
Capitalizing the real estate agent's commission paid when purchasing a property.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Building / Land (Fixed Asset) | Asset (+) | 20,000.00 | - |
| Cash / Bank | Asset (-) | - | 20,000.00 |
💡 Accountant's Note
Broker commissions paid by the buyer are part of the acquisition cost and must be capitalized into the asset. This increases the depreciable base of the building portion.
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