The cost of planting trees and shrubs, installing fences, and paving parking areas are normally charged to the land improvements account and are later depreciated over their expected useful lives.

Question

Quizplus · Accepted Answer

Land improvements are additions or changes made to land that can enhance its usefulness, such as planting trees and shrubs, installing fences, and paving parking areas. These costs are typically charged to the land improvements account and then depreciated over their expected useful lives. Therefore, the statement is true.

The Cost of Planting Trees and Shrubs, Installing Fences, and Paving