question archive Which one of the following items would be charged to the cost of land rather than the cost of the building? Demolition of an existing structure Capitalization of interest Architectural fees Cost of the foundation
Which one of the following items would be charged to the cost of land rather than the cost of the building? Demolition of an existing structure Capitalization of interest Architectural fees Cost of the foundation
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Which one of the following items would be charged to the cost of land rather than the cost of the building?
Demolition of an existing structure
Capitalization of interest
Architectural fees
Cost of the foundation
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Answer:
Cost incurred for demolition of an existing structure would charged to the cost of land.
Demolition of an existing structure
Option A.
