Which of the following would NOT be considered part of the cost of the land?
A)Survey and legal fees
B)Realtor commissions
C)Paving
D)Unpaid property taxes on the land

Question

Quizplus · Accepted Answer

Paving is not considered part of the cost of the land because it is typically classified as a land improvement, which is depreciated over its useful life, rather than being capitalized into the cost of the land itself.

Which of the Following Would NOT Be Considered Part of the Cost