The Cost of Land to Be Used in the Operations

question 64

Multiple Choice

The cost of land to be used in the operations of a business should include all of the following except

• A) commissions related to the acquisition of the land.
• B) property taxes to the date of acquisition assumed by the purchaser.
• C) excavation in preparation for the construction of a new building on the land.
• D) the cost of surveys of the land.

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