O'Conner Corporation purchased land with a building on it.It removed the old building and constructed a new one.Which of the following costs would not be included in the cost of the building?

Question

Quizplus · Accepted Answer

All the listed costs (constructing the new building, removing the old building, building permits, and foundation) are directly associated with the preparation and construction of the new building, and therefore, would be included in the cost of the building.

O'Conner Corporation Purchased Land with a Building on It