Land was purchased to be used as the site for the construction of a plant. A building on the property was sold and removed by the buyer so that construction on the plant could begin. The proceeds from the sale of the building should be

Question $8$ options:

A$)$

deducted from the cost of the land.

B$)$

classified as other income.

C$)$

netted against the costs to clear the land and expensed as incurred.

D$)$

netted against the costs to clear the land and amortized over the life of the plant.