The removal of an old building to make land suitable for its intended use is charged to
A)repairs expense.
B)land.
C)buildings.
D)land improvements.
E)None of the above

Question

Quizplus · Accepted Answer

The cost of removing an old building to make the land suitable for its intended use is considered part of the land cost. This is because it prepares the land for its new purpose, and costs associated with land are not depreciated.

The Removal of an Old Building to Make Land Suitable