The cost of tearing down a building on land just purchased should be
A)debited to the Land account.
B)debited to the Land Improvements account.
C)debited to the Buildings account.
D)expensed immediately.

Question

Quizplus · Accepted Answer

The cost of tearing down a building on land just purchased is considered part of the land preparation costs and should be debited to the Land account, as it increases the value of the land itself.

The Cost of Tearing Down a Building on Land Just