The Final Word Company produces word processing software.The company recently purchased a large tract of land on which will be constructed several buildings to house the production and administrative personnel of the company.The following improvements are expected to be made to the land as part of the construction of the complex:
1.The roads on all sides of the land will be graded and paved.
2.Street lights will be installed.
3.Sewer and drainage systems will be installed.
4.Several private roads will be constructed on the property.
5.Sidewalks will be constructed to connect the various buildings.
6.Parking lots will be constructed at selected places on the property for employee and customer parking.
7.The property will be suitably landscaped.
Required:
Explain how each of the above items would be accounted for in the records of Final Word Company.

Question

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The Answer of The Final Word Company produces word processing software.The company recently purchased a large tract of land on which will be constructed several buildings to house the production and administrative personnel of the company.The following improvements are expected to be made to the land as part of the construction of the complex:
1.The roads on all sides of the land will be graded and paved.
2.Street lights will be installed.
3.Sewer and drainage systems will be installed.
4.Several private roads will be constructed on the property.
5.Sidewalks will be constructed to connect the various buildings.
6.Parking lots will be constructed at selected places on the property for employee and customer parking.
7.The property will be suitably landscaped.
Required:
Explain how each of the above items would be accounted for in the records of Final Word Company.

The Final Word Company Produces Word Processing Software