Question: explain how you would decide whether to record the expenditures as asset or an expense legal fees paid in connection to the purchase of land

explain how you would decide whether to record the expenditures as asset or an expense legal fees paid in connection to the purchase of land are 1500 its an asset but I am not sure what type of explanation I am required to provide please elaborate my school isn't listed.. the book I am using is interm accting 14th edition kieso/weygandt/warfield

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