Land was purchased to be used as the site for the construction of a plant. A building on the property was sold and removed by the buyer so that construction on the plant could begin. The proceeds from the sale of the building should be:

Question

Social Studies

Keshawn Estrada

5 December, 10:22

Land was purchased to be used as the site for the construction of a plant. A building on the property was sold and removed by the buyer so that construction on the plant could begin. The proceeds from the sale of the building should be:

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Answers (1)

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Isaiah Faulkner · Answer 1

Deducted from the cost of the land.

Explanation:

Data provided in the question

Land purchased for the construction site of a plant

And, the building on the property is sold

So, the proceeds from the sale of the building should be subtracted from the cost of the land as the property is sold so that the construction on the plant begin

Therefore, it would be deducted

Hence, all other given options are wrong