Question
Good day! I hope you can help me in my IA activity :(((( Thanks in advance! II. Complete the table below. Instruction: Indicate whether the
Good day! I hope you can help me in my IA activity :(((( Thanks in advance!
II. Complete the table below. Instruction: Indicate whether the following are capitalized or outright expensed. Write OE if outright expensed. If capitalized, write L if to Land account, Ll if to land improvement, B if to building, 81 if to building improvements. If the following are not applicable, write down the appropriate treatment instead. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Purchase price of land as a building site Payments to tenants to induce them to vacate the land in order to make room for the construction of new building Fences, water systems, drainage systems Excavation cost Escrow fees Legal fees for establishing clean title Registration and title transfer fee Temporary quarters for construction crew Sidewalks and pavements Cost of option to buy if the land is acquired Cost of option to buy if the land is not acquired Cost of temporary safety fence around construction site and cost of subsequent removal thereof. Cost of surveying, grading, leveling, landfill and subdividing
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started