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Givens Retail Purchased Land for a New Parking Lot for $125000.The

Question 188

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Givens Retail purchased land for a new parking lot for $125000.The paving cost $175000 and the lights to illuminate the new parking area cost $60000.Which of the following statements is true with respect to these additions?


A) $300000 should be added to the Land account.
B) $235000 should be added to Land Improvements.
C) $360000 should be added to the Land account.
D) $360000 should be added to Land Improvements.

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