Which of the following should be included in the cost of land?

Question

Quizplus · Accepted Answer

The costs of grading and clearing the land and the costs of removing an unwanted building should be included in the cost of land. These costs are directly related to the development of the land and help to establish the initial value of the property. The cost of fencing could be considered a separate improvement to the land and not necessarily included in the cost of the land itself.

Which of the Following Should Be Included in the Cost