Classify each of the following costs associated with long-lived assets as one of the following:
-Costs to survey a new piece of land for a new business location
A)Buildings
B)Machinery and equipment
C)Land
D)Land improvements

Question

Quizplus · Accepted Answer

The cost to survey a new piece of land for a new business location is considered a cost associated with the purchase of land.

Classify Each of the Following Costs Associated with Long-Lived Assets