Accounting


A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

  Dictionary  »  Letter L  »  land improvements

land improvements

A long-term asset which indicates the cost of the constructed improvements to land, such as driveways, walkways, lighting, and parking lots. Land Improvements will be depreciated over their useful life by debiting the income statement account Depreciation Expense and by crediting the balance sheet account Accumulated Depreciation: Land Improvements.


» For more clarity on this term: 

  ← Go Back

Learn about our 2010 Master Accounting Download Package

Now you can highlight, make notes, and study away from your computer.

Complete PDF Package

Click Here to Learn More