4, b004 delinquent property taxes, 51,500 ; cloting costs, $3,300, and deaning and arading of the lanid, $8,100, equired: Mermine the cost of the tand. x Tectuan Totake My Wak The cost of a fixed asset as aepy expeniditure cecessary ta acquite the Assef and to prepare the asset for use. These expendatures are said to be capitalited