All of the following costs associated with acquiring a building should be capitalized except

Question

Quizplus · Accepted Answer

The costs of building permits, the contract price, and the costs of excavation for the building are all directly related to the acquisition and construction of the building, so they should be capitalized. However, the cost of a strike associated with the construction of the building is not an integral part of acquiring the building and therefore should not be capitalized.

All of the Following Costs Associated with Acquiring a Building