Among these options, the statement that is included in cost of land is a brokerage commission.
Basically, a land means a fixed asset but unlike a majority of fixed assets, it is not often subject to depreciation. Most cost of land is based on its acquisition price, that is, all the costs associated with acquiring land and putting it to use are included in the cost of land.
During acquisition of land, the certain costs are ordinary and necessary and should be assigned to Land and these costs include the cost of the land, title fees, legal fees, survey costs, zoning fees, preparation costs like grading and draining etc. Therefore, the Option C is correct.
Read more about cost of land
brainly.com/question/25115355
#SPJ1
