A company incurred the costs shown below. What is the cost of land? Land.............................................$ 210,000 Survey Fees...........................................1,000
Question:
A company incurred the costs shown below. What is the cost of land?
Land……………………………………………………………….............................................$ 210,000
Survey Fees……………………………………………………………...........................................1,000
Payment of demo of old building on the land……………………….........................................30,000
Back Property Taxes on land…………………………………………..........................................2,000
Paving costs for parking lot…………………………………………...........................................40,000
Fence around perimeter of land……………………………………….......................................15,000
Lights in parking lot………………………………………………...........................................….90,000
Signs for new business………………………………………………...........................................5,000
Expert Answer:
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
