Asked by Alana Burns on May 01, 2024
Verified
Fences around land at new business location
A) Land improvements
B) Buildings
C) Land
D) Machinery and equipment
Land Improvements
Enhancements to a plot of land such as landscaping, lighting, and paving, that are intended to make the land more usable and increase its value.
Fences
Structures built to enclose or separate areas, typically made out of wood, metal, or other materials, serving various purposes such as privacy, security, or decorative.
- Cultivate an understanding and apply the accurate classification of expenses associated with long-lasting assets.
Verified Answer
KU
Kesie UthayavannanMay 06, 2024
Final Answer :
A
Explanation :
Fences around land are considered a land improvement, which is a cost associated with long-lived assets.
Learning Objectives
- Cultivate an understanding and apply the accurate classification of expenses associated with long-lasting assets.