Accountıng Iı Deneme Sınavı Sorusu #966792

Which of the following is not included in the cost of the land?


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

Signs and street light installment


Yanıt Açıklaması:

Installments are not included in the cost of the land. These type of separate long-lived assets are called land improvements.

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