Which of the following would be included in the cost of a constructed building?

Question

Quizplus · Accepted Answer

The cost of a constructed building includes payments for material, labor, and overhead, such as the cost of hiring contractors, purchasing materials, and paying for utilities during the construction process. The purchase price of the building (A) would only apply if the building was already constructed and being bought from someone else. Survey and legal fees (C) and realtor commissions (D) are generally associated with transactions involving the buying and selling of real estate, but not the cost of constructing a new building. The cost of tearing down an old building (E) would not be part of the cost of constructing a new building.

Which of the Following Would Be Included in the Cost