Land Improvements Are

question 25

Multiple Choice

Land improvements are:

• A) Assets that increase the usefulness of land, and like land, are not depreciated.
• B) Assets that increase the usefulness of land, but that have a limited useful life and are subject to depreciation.
• C) Included in the cost of the land account.
• D) Expensed in the period incurred.
• E) Also called basket purchases.

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Definitions:

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