Module $10$: Graded Assibyment $($Chapter $$)$

Question $1$ of $15$

$\frac{0\mathrm{.}95}{2}$

The following expenditures and receipts are related to land, land improvements, and buildings acquired for une in a buniness enterprise. The recepts are enclosed in parentheses.

a$.$ Money borrowed to pay bullding contractor $($signed a note$)$

$$(288,800)$

b$.$ Payment for construction from note proceeds

$24\mathrm{.}5676$

c$.$ Cost of land kill and clearing

$10,430$

d$.$ Delinguent real estate Laxes on property aswumed by purchaser $640$

Premamen A$-$month insurawe policy dating ronstruction $7,200$

Refund of $1-$month insurance premium because construction completed early

$11\mathrm{.}200$

$t$ Archliently fer on tollating

$26\mathrm{.}350$

h$.$ Cost of real estate purchased as a plant site fand $$200,500$ and building $$56,2000$

$256700$

Commlnton fee palito real entate agracy $8\mathrm{.}430$

Installation of fences around property

$4\mathrm{.}940$

$4$ Coet ef revine wrot removing building

$11,510$

Proceeds from salvage of demolished building

$(5,245)$

Antereet polit de$-$ing eronstonction on monev borroved for construction

$14,240$

n$.$ Cost of parking lots and driveways

$20\mathrm{.}100$

Caet ef trees and shabberry planted $($eermanent in nature$)$

$13\mathrm{.}710$

p$.$ Excavation costs for new building

$2,880$