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In order for a developer to include the future estimated costs into the costs of lots, the developer must meet the following requirements except for:
In order for a developer to include the future estimated costs into the costs of lots, the developer must meet the following requirements except for:
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the estimated future costs must not be recoverable through depreciation
the property must meet the tax regulations
developer must sign a consent to fix the period of limitation on the assessment of income tax
the developer must be contractually obligated to make the future improvements
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