Answer
This is part of the asset cost; therefore, it should be debited to the land account.
Work Step by Step
The 1,500 dollars should be debited into the land account since it is the cost incurred when acquiring the land.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Brief Exercises - Page 71: BE2-13a
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