Construction costs for fences and driveways are reported on the statement of financial position as ________.
A) current assets
B) intangible assets
C) land
D) land improvements

Question

Quizplus · Accepted Answer

Construction costs for fences and driveways are considered land improvements, which are reported separately from land on the statement of financial position.

Construction Costs for Fences and Driveways Are Reported on the Statement