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The glass cliff:
Cost of Land
The price paid for a piece of land, including purchase price, closing costs, and any improvements necessary to make the land usable.
Land Improvements
Enhancements made to land such as landscaping, fencing, and lighting that increase its value, excluding the cost of the land itself.
Buildings
Physical structures owned or used by a business for its operations, considered as a fixed asset on the balance sheet.
Machinery and Equipment
Long-term assets used in the operation of a business, typically for manufacturing, processing, or office operations.
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