Alpha Co paid $180,000 to purchase a piece of land on which to build a new building. Additional costs incurred were: real estate broker commission $10800  legal fess of purchasing$1400 landscaping expenses $6000 expense to demolish old house located on land $1500 proceeds from selling ,material salvaged from the old $900  What dollar amount of the above costs should be allocated to Land and what amount should be allocated to the new Building?

Answer rating: 100% (QA)

The cost of the land should be 180600 Heres the break... View the full answer