For each of the following amounts paid by a purchaser, determine whether the amount is debited to Land, Land Improvements, or Building
Transaction Account Debited
Building permits
Cost of clearing land and removing unwanted buildings
Parking lot lighting
Delinquent property taxes
Cost to renovate a building to make it ready for use
Taxes assessed to transfer ownership (title) of land
What will be an ideal response
Transaction Account Debited
Building permits Building
Cost of clearing land and removing unwanted buildings Land
Parking lot lighting Land Improvements
Delinquent property taxes Land
Cost to renovate a building to make it ready for use Building
Taxes assessed to transfer ownership (title) of land Land
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