ACCA 300 ASSIGNMENT FALL 023 (20% OF FINAL GRADES) b. written off as a loss in the year the hotel is torn down. c. capitalized as part of the cost of the land. d. capitalized as part of the cost of the new hotel. A) X B X C) X A ocrative A showbie PRODUCT 1. Cotton Tree Hotel Corporation recently purchased Emporia Hotel and the land on w located with the plan to tear down the Emporia Hotel and build a new luxury hotel o The cost of the Emporia Hotel should be (D) X 2. The cost of land does not include a. costs of grading, filling, draining, and clearing. b. costs of removing old buildings. X a. depreciated over the period from acquisition to the date the hotel is scheduled down. c. costs of improvements with limited lives. d. special assessments. B) X X X Name Date Score 100