Which of the following is generally not considered in determining the \"cost\" o

Question

Which of the following is generally not considered in determining the "cost" of land? Special assessments for local improvements. Costs of clearing, grading and filling land to get it ready for a building. Salvage receipts from the demolition of an old building or the sale of timber. Costs of paving and striping a parking lot. Which of the following is generally not considered to be part of the "cost" of a building? Materials and labor directly related to the construction of the building Architectural fees related to the building design. Costs of foundation alterations required for special new equipment Building fees

Explanation / Answer

7)

Correct option is D) Cost of paving and striping a parking lot

As this cost is not directly related to cost of land. It is the cost for bulding the land for commercial use.

8)

C) cost of foundation alterations required for special new equipment

as this cost is not related to building

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