Indicate whether each of the following expenditures should be classified as:
-Cost of lighting for parking lot
A)land (L)
B) land improvements (LI)
C) buildings (B)
D) equipment (E)
E) none of these (X)

Question

Quizplus · Accepted Answer

The cost of lighting for a parking lot is classified as land improvements (LI) because it is an addition that increases the usefulness of the land but is not a permanent part of the land itself.

Indicate Whether Each of the Following Expenditures Should Be Classified