=+E7-2 Determine cost ofland Obj 1 Serenity Ski Co. has developed a tract ofland into a ski
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=+E7-2 Determine cost ofland Obj 1 Serenity Ski Co. has developed a tract ofland into a ski resort. The company has cut the trees, cleared and graded the land and hills, and constructed ski lifts,
(a) Should the tree cutting, land clearing, and grading costs of constructing the ski slopes increase be debited to the land ac¬
count?
(b) Ifsuch costs are debited to Land, should they be depreciated?
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