Which of the following would be an example of a land improvement?
A)Costs of grading the land before building.
B)Costs of digging the hole for the foundation.
C)Land transfer tax paid on purchase of the land.
D)Costs of installing lighting.

Question

Quizplus · Accepted Answer

Installing lighting would be considered a land improvement, as it adds value to the land and enhances its functionality. Grading the land before building and digging the hole for the foundation are considered part of the building process and not land improvements. Land transfer tax is a cost associated with the transfer of ownership of the land and not a land improvement.

Which of the Following Would Be an Example of a Land