Wesley Hospital installs a new parking lot. The paving cost $40,000 and the lights to illuminate the new parking area cost $25,000. Which of the following statements is true with respect to these additions?

A. $65,000 should be debited to Land Improvements

B. $65,000 should be debited to the Land account

C. $25,000 should be debited to Land Improvements

D. $40,000 should be debited to the Land account

Answer rating: 100% (QA)

Paving cost and lights to illumina... View the full answer