Accountıng Iı Deneme Sınavı Sorusu #966778

  1. purchase price
  2. brokerage commission
  3. survey and legal fees
  4. property taxes in arrears

Which of the item/items mentioned above is included in the cost of the land?


Only I

I and II

II, III and IV

II and III

I, II, III and IV


Yanıt Açıklaması:

The cost of the land includes the following items; – purchase price – brokerage commission – survey and legal fees – property taxes in arrears – taxes assessed to transfer the ownership on the land – cost of clearing the land and removing unwanted buildings.

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