Classify each of the following costs associated with long-lived assets as one of the following:
-Outdoor lighting at new business location
A)Land improvements
B)Buildings
C)Land
D)Machinery and equipment

Question

Quizplus · Accepted Answer

Outdoor lighting is typically classified as a land improvement, which is a long-lived asset specifically related to the land on which a business operates.

Classify Each of the Following Costs Associated with Long-Lived Assets