Question: Transaction Account Debited Building permits Cost of clearing land and removing unwanted buildings Parking lot lighting Delinquent property taxes Cost to renovate a building to

Transaction
Account Debited
Building permits

Cost of clearing land and removing unwanted buildings

Parking lot lighting

Delinquent property taxes

Cost to renovate a building to make it ready for use

Taxes assessed to transfer ownership (title) of land

For each of the following amounts paid by a purchaser, determine whether the amount is debited to Land, Land Improvements, or Building

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