Which of the following would NOT be considered as part of the cost of the land?

Name: Which of the following would NOT be considered as part of the cost of the land?
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Question

Quizplus · Accepted Answer

Paving is not considered part of the cost of the land because it is considered an improvement to the land rather than a cost of acquiring the land itself. Costs like survey, realtor commissions, unpaid property taxes, and legal fees are directly associated with the acquisition of the land and are capitalized as part of its cost.

Which of the Following Would NOT Be Considered as Part