Which one of the following shall not be taken into account in estimating the cost of cultivation?
Verified Answer
A. market value of the land
B. The depreciation of stock and buildings
C. The money equivalent of the cultivator's labor and supervision
D. The money equivalent of the cultivator's family's labor and supervision
Explanation:
The market value of the land is a capital asset, not a recurring cost of cultivation. Costs of cultivation include expenses like labor, depreciation of equipment, seeds, fertilizers, etc.