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    Intermediate Accounting Study Set 7
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    Exam 11: Long-Term Operating Assets: Acquisition, Cost Allocation
  5. Question
    The Cost of Land Does Not Include ________
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The Cost of Land Does Not Include ________

Question 56

Question 56

Multiple Choice

The cost of land does not include ________.


A) costs of removing old buildings
B) costs of improvements with limited lives
C) costs of grading and clearing the land
D) legal fees and closing costs

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