Question: Current Attempt in Progress On March 1, 2022, Sandhill Co, acquired real estate, on which it planned to construct a small office building, by paying
Current Attempt in Progress On March 1, 2022, Sandhill Co, acquired real estate, on which it planned to construct a small office building, by paying $79.500 in cash. An old warehouse on the property was demolished at a cost of $8,100; the salvaged materials were sold for $1,680. Additional $ expenditures before construction began included $1.180 attorney's fee for work concerning the land purchase, $4,450 real estate broker's fee, $8,680 architect's fee, and $13,900 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land $
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