Accounting Textbooks Boundless Accounting Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources Components of Asset Cost
Accounting Textbooks Boundless Accounting Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources
Accounting Textbooks Boundless Accounting
Accounting Textbooks
Accounting
Concept Version 7
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Cost of Land

The cost of land is based on its acquisition price.

The cost of land is based on its acquisition price.

All costs associated with acquiring land and putting it to use are included in the cost of land.

Source

Related Terms

  • balance sheet
  • income statement