Which of the following would not be included in the acquisition cost of a building?
A) An apportioned amount of the purchase cost when both the land and building are acquired in a basket purchase.
B) The cost of paving the parking lot and outdoor lighting in the lot.
C) The cost of putting new windows and doors in the building before it opens for operations.
D) The cost of paying an architect to design the remodelling modifications of the building before the store opens.

Question

Quizplus · Accepted Answer

The cost of paving the parking lot and outdoor lighting in the lot are considered landscaping and site preparation costs, and are not part of the acquisition cost of the building. The other options listed are all costs directly related to the acquisition and modification of the building itself.

Which of the Following Would Not Be Included in the Acquisition