Answer
(A)Land - Acquisition costs in purchase of land may include titling fees, search fees, surveyors fees, land clearing fees, fumigation, and all affiliated taxes.
(B) Machinery and equipment - Transport expenses, disassembling and assembling fees, installation costs as well as affiliated taxes.
(c) Buildings - Valuation fees, repair fees, property taxes and affiliated government levies.
Work Step by Step
These are costs incurred during acquisition of an asset.
