Multiple Choice
Shenandoah Skies bought land to be used for a new ski resort.Which of the following costs should not be capitalized?
A) $5,000,000 to purchase the land.
B) $5,000 paid to Jack Mogul for a title search.
C) $50,000 paid to cut down timber to make way for ski runs
D) $7,500 paid for a party to celebrate the grand opening.
Correct Answer:
Verified
Correct Answer:
Verified
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