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1. Assume: Purchase price of the land 14520.00 Real estate commission (%) of the purchase price 7.60 Demolition of old building on site 2071.06 Sale
1. Assume:
| Purchase price of the land | 14520.00 |
| Real estate commission (%) of the purchase price | 7.60 |
| Demolition of old building on site | 2071.06 |
| Sale of scrap from old building | 513.62 |
| Construction cost of the new building | 159312.00 |
| Land survey costs | 1263.24 |
| Back taxes | 1539.12 |
| Architect fees | 20232.62 |
The initial value of the building is: ___________
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Financial Accounting Principles V4 0 And AME Engage
Authors: Joffe Parker
4th Edition
1926751728, 978-1926751726
