Question

The cost of land includes all of the following except:___.
a. cost of leveling and grading.
b. payments to clear liens.
c. purchase price.
d. cost of fencing and lighting.

Answer 1

Answer:

The answer is D.

Explanation:

The correct option is D. -The cost of fencing and lighting is not part of the cost of land. Why? - Because this is the cost to improve land.

Option A is wrong. Cost of levelling and grading is part of the cost of land

Option C is wrong. Purchase price is the main cost in the determining the cost of land

Option D is also wrong