The cost of land usually includes all of the following except a. commission related to acquisition b. cost of survey c. property tax after the date of acquisition assumed by the purchaser d. property tax up to the date of acquisition assumed by the purchaser

The cost of land usually includes all of the following except a. commission related to acquisition b. cost of survey c. property tax after the date of acquisition assumed by the purchaser d. property tax up to the date of acquisition assumed by the purchaser

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter9: Acquisitions Of Property

Section: Chapter Questions

Problem 17DQ

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Question

The cost of land usually includes all of the following except
a. commission related to acquisition
b. cost of survey
c. property tax after the date of acquisition assumed by the purchaser
d. property tax up to the date of acquisition assumed by the purchaser

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