The cost of land would include the cost of a building purchased with the land and torn down because it was not needed.

Question

Quizplus · Accepted Answer

The cost of land includes any costs associated with the purchase of the land, including the cost of any buildings on the property. If a building is purchased with the land but is not needed and is torn down, the cost of the building would be included in the overall cost of the land.

The Cost of Land Would Include the Cost of a Building