Question 16 Wesley Hospital installs a new parking lot. The paving cost $40,000 and the lights to illuminate the new parking area cost $25.000. Which of the following statement is true with respect to these additions. ISLO 6) 540,000 should be debited to the Land account 125.000 should be debited to Land improvements 165.000 should be debited to the Land account $65.000 should be debited to Land improvements