A company purchased property for a building site. The costs associated with the property are provided. What
Fantastic news! We've Found the answer you've been seeking!
Question:
A company purchased property for a building site. The costs associated with the property are provided. What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?
Purchase price $175,00
0 Real estate commissions 15,000 L
egal fees 800
Expenses of clearing the land 2,000
Expenses to remove old building 1,000
Related Book For
Posted Date: