Match the following cost items with these appropriate accounts: a. Land b. Land Improvements c. Buildings d.
Question:
Match the following cost items with these appropriate accounts:
a. Land
b. Land Improvements
c. Buildings
d. Other
_____ Interest cost incurred during building construction.
_____ Back taxes on a purchased plot of land to be used for a building site.
_____ Assessment by the city for the drainage system.
_____ Building permits.
_____ Landscaping shrubs planted after the building has been constructed.
_____ Demolition costs of building on land bought for the plant site.
_____ Interest cost incurred after completion of building construction.
_____ Recording fees for land.
_____ Architect's fees.
_____ Grading and filling building site.
_____ Parking lots.
_____ Fences.
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,