Asked by Shawn Killens on May 02, 2024
Verified
The cost of land would not include:
A) Purchase price.
B) Cost of parking lot lighting.
C) Costs of removing existing structures.
D) Fees for insuring the title.
E) Government assessments.
Land Improvements
Enhancements made to land, like landscaping or parking lots, that increase the property's value but have a finite, depreciable life.
Purchase Price
The amount of money paid to buy a good or service.
Parking Lot Lighting
Illumination for outdoor parking areas designed to improve safety, security, and the visibility of vehicles and pedestrians.
- Understand and articulate the nature and purpose of plant assets, along with their attributes and contribution to business processes.
Verified Answer
HM
Himera MarinMay 08, 2024
Final Answer :
B
Explanation :
The cost of land would typically not include the cost of parking lot lighting, as it is a separate expense related to the development and maintenance of the property. The other options listed - purchase price, costs of removing existing structures, fees for insuring the title, and government assessments - are commonly included in the overall cost of acquiring land.
Learning Objectives
- Understand and articulate the nature and purpose of plant assets, along with their attributes and contribution to business processes.