Incidental costs incurred in the purchase of land that are charged to Land Improvements will affect profit at some future time.

Name: Incidental costs incurred in the purchase of land that are charged to Land Improvements will affect profit at some future time.
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Question

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Incidental costs charged to Land Improvements will increase the cost basis of the land, which will have an impact on profit when the land is sold or disposed of in some other way.

Incidental Costs Incurred in the Purchase of Land That Are