Wesley Hospital installs a new parking lot. The paving cost $45,000 and the lights to illuminate the new parking area cost $18,000. Which of the following statements is true with respect to these additions?
A) $45,000 should be debited to the Land account.
B) $18,000 should be debited to Land Improvements.
C) $63,000 should be debited to the Land account.
D) $63,000 should be debited to Land Improvements.
Correct Answer:
Verified
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