Question: Please help by explaining how to get each number. Will rate. P10-5 (01,3) EXCEL (Classification of Costs and Interest Capitalization) On January 1, 2017, Blair

Please help by explaining how to get each number. Will rate.

Please help by explaining how to get each number. Will rate. P10-5 (01,3) EXCEL (Classification of Costs and Interest Capitalization) On January 1, 2017,

P10-5 (01,3) EXCEL (Classification of Costs and Interest Capitalization) On January 1, 2017, Blair Corporation purchased for $500,000 a tract of land (site number 101) with a building. Blair paid a real estate broker's commission of $36,000, legal fees of $6,000, and title guarantee insurance of $18,000. The closing statement indicated that the land value was $500,000 and the building value was $100,000. Shortly after acquisition, the building was razed at a cost of $54,000

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