Which of the Following Would Not Represent an Acquisition Cost

question 69

Multiple Choice

Which of the following would not represent an acquisition cost to be added to the purchase price of building:

• A) Sales Tax.
• B) Cost of grading the land.
• C) Capital repairs to get the building ready for occupancy.
• D) Renovations that would extend the life of the building.

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Definitions:

Ad Hoc Committee

A temporary committee formed for a specific task or objective and dissolved after the completion of its mandate.

Specific Business

Pertains to a particular company, industry, or commercial enterprise that is identified or distinguished by unique characteristics.

Filibustering

A legislative tactic used to prolong debate and delay or block a vote on a proposal.

Structure

The organization or arrangement of parts, elements, or components of something, forming a coherent whole.