Question: On March 1 , 2 0 2 4 , Beldon Corporation purchased land as a factory site for $ 7 7 , 0 0 0

On March 1,2024, Beldon Corporation purchased land as a factory site

On March 1,2024, Beldon Corporation purchased land as a factory site for $77,000. An old building on the property was demolished, and construction began on a new building that was completed on December 15,2024. Costs incurred during this period are listed below:
\table[[Demolition of old building,$7,500
for $77,000. An old building on the property was demolished, and construction

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