Question

Absarokee Ski Co. has developed a tract of land into a ski resort. The company has cut the trees, cleared and graded the land and hills, and constructed ski lifts.
(a) Should the tree cutting, land clearing, and grading costs of constructing the ski slopes be recorded as an increase in the land account?
(b) If such costs are recorded as an increase in Land, should they be depreciated?



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  • CreatedMarch 11, 2014
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