The costs associated with clearing land and removing buildings are considered land improvements.

Question

Quizplus · Accepted Answer

The costs associated with clearing land and removing buildings are considered part of the land cost, not land improvements. Land improvements refer to enhancements that have a limited life and add value to the land, such as landscaping, driveways, and fences, which are distinct from the costs to prepare the land for its intended use.

The Costs Associated with Clearing Land and Removing Buildings Are