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Costs charged to land

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Federal Manufacturers, Inc. purchased land with the intention of building its new administrative headquarters on the site. Which of the following costs should be charged to Land?

I. Title and recording fees.
II. Clearing of trees and grading.
III. Interest on loan to purchased land.
IV. Architect's fees.
V. Installation of sewage system.

o I only.
o I and II only.
o I, II, III, and IV only.
o I, II, III, IV, and V.

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The solution explains which costs should be charged to land

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