An individual purchases an option to acquire a tract of land at a later date. If the individual exercises the option, how will the cost of the option be dealt with? Alternatively, how would the cost be dealt with if the option expires without being exercised?

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The Answer of An individual purchases an option to acquire a tract of land at a later date. If the individual exercises the option, how will the cost of the option be dealt with? Alternatively, how would the cost be dealt with if the option expires without being exercised?

An Individual Purchases an Option to Acquire a Tract of Land