a. Should the tree cutting, land clearing, and grading costs of čonstructing the obstacle courses be debited to the land account? b. If such costs are debited to Land, should they be depreciated? Explain.

a. Should the tree cutting, land clearing, and grading costs of čonstructing the obstacle courses be debited to the land account? b. If such costs are debited to Land, should they be depreciated? Explain.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section19.2: Calculating Depreciation Expense

Problem 2AYU

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a. Should the tree cutting, land clearing, and grading costs of čonstructing the
obstacle courses be debited to the land account?
b. If such costs are debited to Land, should they be depreciated? Explain.

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