Indicate whether each of the following expenditures should be classified as:
-Grading costs
A)land (L)
B) land improvements (LI)
C) buildings (B)
D) equipment (E)
E) none of these (X)

Name: Indicate whether each of the following expenditures should be classified as: -Grading costs A)land (L) B) land improvements (LI) C) buildings (B) D) equipment (E) E) none of these (X)
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Question

Quizplus · Accepted Answer

Grading costs are directly associated with preparing land for its intended use, thus they are classified as land costs.

Indicate Whether Each of the Following Expenditures Should Be Classified