Question: I don't understand this question. ^ Please help! QUESTION ANSWER $500,000 Jones Corporation purchases a piece of land for $300,000. Jones Corp. paid $3,000 in

I don't understand this question. ^ Please help! QUESTION ANSWER $500,000

I don't understand this question. ^ Please help!

QUESTION ANSWER $500,000 Jones Corporation purchases a piece of land for $300,000. Jones Corp. paid $3,000 in brokerage commissions, $10,000 to clear and remove an unwanted building, $5,000 for building permits to construct a new building, S500,000 to construct a new building and $5,000 in delinquent property taxes. $515,000 $505,000 What is the amount to be capitalized (debited) to the Building account? YOU WERE SURE AND INCORRECT 823,000 I DON'T KNOWYET next

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