When land with an old building is purchased as a future building site, the cost of removing the old building is part of the cost of the new building.

Name: When land with an old building is purchased as a future building site, the cost of removing the old building is part of the cost of the new building.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

The cost of removing the old building is considered part of the land preparation costs and is added to the land's cost, not the new building's cost.

When Land with an Old Building Is Purchased as a Future