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38. Land improvements are assets that increase the usefuiness of land, and like land, are not depreciared. O assets that increase the O included in
38. Land improvements are assets that increase the usefuiness of land, and like land, are not depreciared. O assets that increase the O included in the cost of the land account. O expensed in the penod incurred O also called basket purcheses usefuiness of land, bur that have a limted usefu life and are subject to depreclabon. 39. Which of the following are not classified as plant assets? O Land O Land improvements O Buildings O Machinery and equipment O Patent 40. The cost of land would not include: O purchase price. O cost of parking lot lighting O costs of removing existing structures. O fees for insuring the tte. O government assessments
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