I purchased a small vacant land parcel (1 acre) for use related to my construction business. I use it to store equipment, process firewood (for sale) and as a general work site to build things eventually moved to other sites. There are no buildings; there is no loan (I paid cash out of my personal account). Do I add this as a business "asset"? Some kind of general business expense? What, if anything, can I do with this .... or should I just consider this a personal property and leave it at that?
