Company B purchased some land and is preparing the land for a new building. Company B should include which of the following in the cost of the land?

Question

Quizplus · Accepted Answer

Grading and clearing the land are necessary costs to prepare the land for a new building. However, the cost of driveways, fencing, and sprinkler systems would be considered additional costs that are not necessary for the preparation of the land.

Company B Purchased Some Land and Is Preparing the Land