Match the following cost items with these appropriate accounts: a. Land c. Land

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. Building 2 Back taxes on purchased plot of land to be used for building site. Land 3 Assessment by city for drainage system. Land 4 Building permits. Building 5 Landscaping shrubs planted after building has been constructed. Other 6 Demolition costs of building on land bought for plant site. Land 7 Interest cost incurred after completion of building construction. Other 8 Recording fees for land. Land 9 Architect's fees. Building 10 Grading and filling building site Building 11 Parking lots. Land Improvements 12 Fences. Land Improvements

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