When a company purchases land with a building on it and immediately tears down the...
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Accounting
When a company purchases land with a building on it and immediately tears down the building so that the land can be used for the construction of a plant, the cost incurred to tear down the building should be?
Expensed as incurred
Added to the cost of the plant
Added to the cost of the land
Amortized over the estimated time period between the tearing down of the building and the completion of the plant
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