Mercy General Hospital Installs a New Parking Lot

question 46

Multiple Choice

Mercy General Hospital installs a new parking lot.The paving cost $25,000 and the lights to illuminate the new parking lot cost $13,000.Which of the following statements is true with respect to these expenditures?

• A)$25,000 should be debited to Land.
• B)$13,000 should be debited to Lighting Expense.
• C)$38,000 should be debited to Land.
• D)$38,000 should be debited to Land Improvements.

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