The cost of land does not include:

a. costs of grading, filling, draining, and clearing.

b. costs of removing old buildings.

c. costs of improvements with limited lives.

d. special assessments.

Question

Jayce Juarez

Business

16 May, 16:39

The cost of land does not include:

a. costs of grading, filling, draining, and clearing.

b. costs of removing old buildings.

c. costs of improvements with limited lives.

d. special assessments.

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Answers (1)

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Finn Price · Answer 1

c. costs of improvements with limited lives.

Explanation:

The cost of land and the cost of land improvement are two different things. As land is not depreciated because of unlimited life whereas the land improvement is depreciated.

The cost of land includes legal fees, survey fees, grading, filling, removing cost, special assessments, etc whereas the cost of land improvement includes parking lots, sidewalks, irrigation systems.

The cost of land does not include:a. costs of grading, filling, draining, and clearing.b. costs of removing old buildings.c. costs of improvements with limited lives.d. special assessments.

The cost of land does not include:

a. costs of grading, filling, draining, and clearing.

b. costs of removing old buildings.

c. costs of improvements with limited lives.

d. special assessments.