All expenditures made to acquire land and ready it for intended use are considered as the part of the land cost. 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

As can also understood from the list given, the correct answer is E. The cost of the land includes all the items in the options.