The cost of demolishing a building on a parcel of land to build a new building is added to the cost of the land.

Name: The cost of demolishing a building on a parcel of land to build a new building is added to the cost of the land.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cost of demolishing a building on a parcel of land is considered a part of the land development expenses. Therefore, it is added to the cost of the land when determining the total cost of building a new structure on the parcel.

The Cost of Demolishing a Building on a Parcel of Land