Land improvements include: Oa. surveying fees. Ob. sales tax. Oc. freight. Od. outdoor lighting.
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- Land improvements are: Multiple Choice Expensed in the period incurred. Also called basket purchases. Additions that increase the usefulness of land and are not depreciated. Included in the cost of the land account. ditions land th ha limited useful lives.Costs and assessments that should NOT be charged to the land account include a.parks. b.installing fences. c.streets. d.flood prevention.Valuation is applied to this specific object sothat a proper computation of rental chargescan be made. a. Real Propertyb. Debt Instrumentsc. Donations and giftsd. Inheritance
- 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. Expensed in the period incurred. D. Also called basket purchases. E. Included in the cost of the land account.What amount should be recorded as cost of purchase of the land?Define cost of land.