Which of the expenditures below should be classified as land?
a) Parking lots Electricity used by a machine
b) Excavation cost Interest on building construction loan Cost of trial runs for machinery
c) Drainage costs Costs to install a machine
d) Fences Unpaid (past) property taxes assumed
e) Cost of tearing down a building when land and a building on it are purchased
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Home » Business » Which of the expenditures below should be classified as land? a) Parking lots Electricity used by a machine b) Excavation cost Interest on building construction loan Cost of trial runs for machinery c) Drainage costs Costs to install a machine d)