Match the following cost items with these appropriate accounts: a. Land c. Land
ID: 2371305 • Letter: M
Question
Match the following cost items with these appropriate accounts:
a. Land c. Land Improvements
b. Buildings d. Other
____ 1. Interest cost incurred during building construction.
____ 2. Back taxes on purchased plot of land to be used for building site.
____ 3. Assessment by city for drainage system.
____ 4. Building permits.
____ 5. Landscaping shrubs planted after building has been constructed.
____ 6. Demolition costs of building on land bought for plant site.
____ 7. Interest cost incurred after completion of building construction.
____ 8. Recording fees for land.
____ 9. Architect's fees.
____ 10. Grading and filling building site.
____ 11. Parking lots.
____ 12. Fences.
Explanation / Answer
1. Interest cost incurred during building construction. b. Buildings
2. Back taxes on purchased plot of land to be used for building site a. Land
3. Assessment by city for drainage system. d. Other
4. Building permits.b. Buildings
5. Landscaping shrubs planted after building has been constructed c. Land Improvements
6. Demolition costs of building on land bought for plant site.c. Land Improvements
7. Interest cost incurred after completion of building construction. d. Other
8. Recording fees for land. a. Land
9. Architect's fees.b. Buildings
10. Grading and filling building site.b. Buildings
11. Parking lots.b. Buildings
12. Fences b. Buildings
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