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.

---

Definitions:

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, utilities, and public services.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and operating a new business or venture to bring innovations or new products to market.

Saving and Investment

The process of setting aside money for future income or profit, including purchasing assets like stocks, bonds, or real estate.

Law and Order

The legal and societal framework aimed at ensuring public safety, peace, and justice through the enforcement of laws.