Land Improvements

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Land Improvements is an asset account that records improvements made to land; such improvements have a limited life and are subject to depreciation (examples are a driveway or fences).


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Land Improvements. An asset account that records improvements made to land; such improvements have a limited life and are subject to depreciation (examples are a driveway or fences).

Related concepts

Related coursework