Land improvements are:
A) Assets that increase the usefulness of land, and like land, are not depreciated.
B) Assets that increase the usefulness of land, but that have a limited useful life and are subject to depreciation.
C) Included in the cost of the land account.
D) Expensed in the period incurred.
E) Also called basket purchases.

Question

Quizplus · Accepted Answer

Land improvements increase the usefulness of land but have a limited useful life and are therefore subject to depreciation.

Land Improvements Are