Question

Kuda owns a parcel of land she acquired on June 1, 2012, as an investment. What is the purpose of acquiring the land?

1) To build a house
2) To start a farm
3) To sell it for profit
4) To use it for recreational purposes

Answer 1

The purpose of acquiring the land could be to build a house, start a farm, sell it for profit, or use it for recreational purposes.

Step-by-step explanation:

Ownership of land can serve various purposes depending on the individual's goals and circumstances. In the case of Kuda acquiring the land as an investment, the purpose could be to:

1. Build a house: This would involve using the land to construct a residential property for personal use.
2. Start a farm: Land can be utilized for agricultural purposes, such as growing crops or raising livestock.
3. Sell it for profit: Some individuals acquire land with the intention of selling it at a later time to generate a financial gain.
4. Use it for recreational purposes: The land could be utilized for recreational activities, such as creating a park, camping area, or sports facility.