Which of the following is treated as a land improvement? - fences - mowing your lawn - building an underground sewer system - None of the vbove

Q: Why don’t we depreciate land? What are land improvements? Why do we record land and land…

A: Why don’t we depreciate land? Land is not depreciated as it has unlimited years of service ( useful)…

Q: PROBLEM 20-6: Subsequent measurement: Cost model vs Fair value model Blatche Company completed the…

A: A property owned by a firm may be recognised as a general asset or as an investment property based…

Q: Distinguish between the cost of land and the cost of land improvements with example.

A: Land improvements means any type of alteration to the land to make it more usable. Land improvements…

Q: What are the unique risks of land development projects from the developer’s and lender’s points of…

A: The risks of land development projects from developer’s point of view: Planning risk: The ability…

Q: The cost of land improvements includes fencing, paving, parking areas, and lighting.   true or…

A: Under the given statement, the accounting concept regarding the inclusion of some cost as land…

Q: PROBLEM 20-6: Subsequent measurement: Cost model vs Fair value mou Blatche Company completed the…

A: According to IAS 40 Investment property means land or building held to earn rentals or for capital…

Q: Why would refinancing be an alternative to sale of the property?

A: Individuals always buy the properties taking the mortgage because payment for buying the property…

Q: Which movable assets those are not considered as leasehold improvements?

A: Lease: Lease is a contractual agreement whereby the right to use an asset for a particular period of…

Q: What are some of the physical considerations that a developer should be concerned with when…

A: Purchasing real estate like land requires huge capital expenditure, so the investor always takes…

Q: ndicate whether each of the following statements is true or false. When land with an old building…

A: 1. When land with an old building is purchased as a future building site, the cost of removing the…

Q: 9. Acc Company incurred the following expenditures for 2022: Purchase of Land Land survey Fees for…

A: When additions and enhancements are performed on a particular land area to increase its usage…

Q: Definition of Land Improvements

A:

Q: (Multiple Choice Question) The cost of land includes   1. The purchase price of the land, plus the…

A: The overall cost of owning a piece of land or lot with certain land use as well as ownership is…

Q: What does Lender Requirements in Financing Land Development?

A: The question is based on the concept of lend development loan provided by financial institution.…

Q: Land improvements are: Multiple Choice Additions to land that have limited useful lives. Also called…

A: Land improvements are cost incurred to improve/enhance the land. It can be landscaping, construction…

Q: If land is purchased as a building site, the cost of removing existing structures is not charged to…

A: Land, Landfills and building are the same classes of real estate properties but the accounting…

Q: If Blatche Company opted to use the cost model to measure the shopp 3. mall, how much is the…

A: A change  from fair value to  cost model is change  in accounting  policy

Q: If you are trying to value an income-producing property, what is most important and why?

A: Valuing an income-producing property is an important process that requires careful consideration of…

Q: 1. The cost of land typically includes the purchase price and all of the following costs except A)…

A: The cost of land includes its purchase price and other many other costs including the following:…

Q: Based on the above data, answer the following: Questions: IE Blatche Company opted to use the cost…

A:

Q: Why It’s important to distinguish between the cost of land and the cost of land improvement?

A: The cost of land and cost of land improvements are to distinguished and are to be recorded…

Q: Briefly explain why land does not depreciate.

A: Depreciation is reduced in the value of assets due to natural ability to decrease due to continuous…

Q: Explain Land Acquisition and Development Costs?

A: Land acquisition: It is the process by which the government acquires private property for a public…

Q: Which are Non residential properties?

A: Fixed assets are the long-term fixed assets purchased by the firm to increase the productivity of…

Q: According to our authors, what are land improvements?

A: Land improvement- They are meant to enhance the useful life of  the land.

Q: Which costs would most likely be capitalized in the “Land Improvements” account? Costs associated…

A: Land improvements means the time to time changes with are done to a land in order to increase its…

Q: Costs and assessments that should NOT be charged to the land account include a.parks. b.installing…

A: Property, Plant, and Equipment or PP&E is a classification shown on a balance sheet. It normally…

Q: Which of the following statements correctly describes accounting for investment properties?…

A: Investment Property refers to the property (A plot of land, a structure, a portion of a building, or…