Which of the following items should be included in the value of the land Tax and...

Which of the following items should be included in the value of the land

		Tax and title costs
		All of these items should be included in the value of the land
		Clearing of the land for use
		Cash price of the land

Expert Solution

The answer is

All of these items should be included in the value of the land

All costs which are necessary to bring the fixed costs to its intended use should be capitalized

Since price of land, tax and title costs and clearing are all necessary for making the land suitable for intebnded use, they shall all be capitalized

ekkarill92 answered 2 years ago

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