If a corporation purchases a lot and building and subsequently tears down the building and uses the property as a parking lot, the proper accounting

If a corporation purchases a lot and building and subsequently tears down the building and uses the property as a parking lot, the proper accounting treatment of the cost of the building would depend onthe significance of the cost allocated to the building in relation to the combined cost of the lot and building.the contemplated future use of the parking lot.the intention of management for the property when the building was acquired.the length of time for which the building was held prior to its demolition.