An Owner of Undeveloped Land Held for Investment Must Capitalize

question 32

True/False

An owner of undeveloped land held for investment must capitalize the property taxes paid on the land each year.

---

Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment, a concept developed by B.F. Skinner.

Clinical Conditioning

Clinical conditioning involves the application of classical conditioning principles in therapeutic settings to modify behaviors.

Stimulus

Any internal or external event or situation that influences an individual's response or reaction.

Routine

A sequence of actions regularly followed; a fixed program.