What does it mean to raze a building?
To “raze a building” means to destroy or tear it down. This term is often associated with tear downs that occur when a company buys a new piece of land. There may be buildings on the land that need to be “razed” or destroyed .
As you can see in the visual below, since razing costs mean the same as the cost to tear down (#4), razing costs can be capitalized into land.
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