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What types of costs may be incurred to make the land and

Question - The utility I work for is considering purchasing land and an existing building to house our corporate headquarters. What types of costs may be incurred to make the land and the building ready for use? With each example of a cost, explain how it should be accounted for, e.g., immediately expensed or included in the historical cost of the asset.

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Accounting Basics: What types of costs may be incurred to make the land and

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