Write included if the cost is to be included in Land, Building and Land Improvement accounts and Write not included if not Purchase price allocated to land Escrow fee for the land purchased Unpaid real property tax on land assumed by buyer Construction cost of building Architect fee and superintendent fee Cost of option for land acquired Premium on insurance during construction Subsequent real property tax on land following the acquisition Cost of razing the old building to give way for construction of new building Sale of scrap from old building demolished Cost of excavation done for construction of new building Permanent improvements such as grading and levelling Cost of option for alternative land not acquired Temporary fence built for construction safety Cost of permanent fence built around the perimeter of the land Cost of temporary buildings used for construction purposes Cost to construct sidewalks, pavements, driveways and parking lot that is part of the blueprint of the new building constructed Cost to construct sidewalks, pavements, driveways and parking lot that are built subsequently years after the construction of the building Payment to tenants on the acquired land to vacate the premises Cost of landscaping, trees and shrubs Timber sold from trees felled during demolition of old building Cost of surveying before construction Cost of title to land Cost of removal of safety fences used during construction Special assessment charged by the local government to land owners as contribution to the cost of public improvements Safety inspection fee on construction Premium paid on property insurance of the constructed building Cost of improvements made on the building such as replacing glass wall with shatter proof glass Cost of regular repairs and replacements made on the building

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Posted on Jun 28, 2024

Write included if the cost is to be included in Land, Building and Land Improvement accounts. and Write not included if not. Purchase price allocated

Write included if the cost is to be included in Land, Building and Land Improvement accounts.

and Write not included if not.

Purchase price allocated to land.
Escrow fee for the land purchased.
Unpaid real property tax on land assumed by buyer.
Construction cost of building.
Architect fee and superintendent fee.
Cost of option for land acquired.
Premium on insurance during construction.
Subsequent real property tax on land following the acquisition.
Cost of razing the old building to give way for construction of new building.
Sale of scrap from old building demolished.
Cost of excavation done for construction of new building.
Permanent improvements such as grading and levelling.
Cost of option for alternative land not acquired.
Temporary fence built for construction safety.
Cost of permanent fence built around the perimeter of the land.
Cost of temporary buildings used for construction purposes.
Cost to construct sidewalks, pavements, driveways and parking lot that is part of the blueprint of the new building constructed.
Cost to construct sidewalks, pavements, driveways and parking lot that are built subsequently years after the construction of the building.
Payment to tenants on the acquired land to vacate the premises.
Cost of landscaping, trees and shrubs.
Timber sold from trees felled during demolition of old building.
Cost of surveying before construction.
Cost of title to land.
Cost of removal of safety fences used during construction.
Special assessment charged by the local government to land owners as contribution to the cost of public improvements.
Safety inspection fee on construction.
Premium paid on property insurance of the constructed building.
Cost of improvements made on the building such as replacing glass wall with shatter-proof glass.
Cost of regular repairs and replacements made on the building.