The cost of installing lights in the parking lot should be recorded as:
A) land.
B) land improvements.
C) building.
D) equipment.

Question

Quizplus · Accepted Answer

The cost of installing lights in the parking lot is considered an improvement to the land, or land improvement. Land improvements refer to any enhancements made to the land, such as adding driveways, fences, or lighting. These improvements increase the value of the land and are typically depreciated over time.

The Cost of Installing Lights in the Parking Lot Should