How to record capitalized site survey fees
Recording fees paid for topographical or land surveys required before building construction or land development begins.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Fixed Assets (Land/Building) | Debit | 8,000.00 | - |
| Cash | Credit | - | 8,000.00 |
💡 Accountant's Note
Site survey fees are directly attributable costs to the acquisition of land or the preparation for a building, making them eligible for capitalization.
Practitioner & Systems Framework
💻 ERP Architecture
Usually posted to Construction-in-Progress (CIP) until the asset is placed in service.
⚠️ Audit Flags
Capitalizing surveys for projects that were ultimately abandoned (these must be expensed).
📄 Required Documentation
Surveyor invoices and project feasibility studies.
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