Homework Answers
Classification of cost associated with long lived assets:
| Land | Cost of removing an existing building to ready land for use as a new business site. |
| Land |
Cost assessed by city for paving a public street that borders land on which a new business location will be constructed. |
| Land | Cost of grading and leveling land to be used for a new business site |
| Machinery and equipment | Cost of installing new equipment |
| Machinery and equipment | Supplies (materials) used to test new equipment |
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clarify each Of The following costs associated with long-lived
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