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Cher Works purchased land on which it constructed a restaurant and parking lot. Identify the classification of the following costs as buildings, land, land improvements,
Cher Works purchased land on which it constructed a restaurant and parking lot. Identify the classification of the following costs
as buildings, land, land improvements, equipment, or expenses.
Cost of parking lot
Closing costs on land
Building permits
Construction costs paid to contractor
Interest costs during construction
Sidewalks
Kitchen equipment
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