Federal Manufacturers, Inc. purchased land with the intention of building its new administrative headquarters on the site. Which of the following costs should be charged to "Land"?
I. | Title and recording fees. | II. | Clearing of trees and grading. | III. | Interest on loan to purchase land. | IV. | Architect's fees. | V. | Installation of sewage system. |
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a. | I, II, III, IV, and V. | |
b. | I and II only. | |
c. | I only. | |
d. | I, II, III, and IV only. |
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