A company purchased a track of land with the intent to use the land to put a
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Question:
A company purchased a track of land with the intent to use the land to put a new building. However, an old building is sitting where the new building is to be constructed, and the old building must be removed at a cost of $10,000.
Should the cost of removing the old building be part of the cost of the building or be part of the cost of the land? Please explain
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: