Question

Determining cost of land on-time delivery company acquired an adjacent lot to construct a new warehouse, paying $90,000 in cash and giving a short-term note for $50,000. legal fees paid were $1,750, delinquent taxes assumed were $25,000, and fees paid to remove an old building from the land were $9,000. materials salvaged from the demolition of the building were sold for $1,000. a contractor was paid $415,000 to construct a new warehouse. determine the cost of the land to be reported on the balance sheet. $fill in the blank 1

Answer 1

Respuesta:

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