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How to account for subleasing a portion of our current space to a third party

We currently occupy two floors in a building. We have decided to consolidate and sublease out one of the floors. How do I account for this? The rental revenue we will book to Other Income (as opposed to a credit to Rent Expense), but what about the deferred rent portion on the balance sheet for that floor? Do we continue to keep that on our BS and book the deferred rent charge every month? And what about the one time costs associated with subleasing (i.e- Lawyers, building costs...etc)? Thanks!


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