The cost of land typically includes the purchase price and all of the following costs except
A) grading, filling, draining, and clearing costs.
B) street lights, sewers, and drainage systems cost.
C) private driveways and parking lots.
D) assumption of any liens or mortgages on the property.

Question

Quizplus · Accepted Answer

Private driveways and parking lots are considered improvements to the land rather than costs directly associated with the purchase of the land itself.

The Cost of Land Typically Includes the Purchase Price and All