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FINANCIAL ACCOUNTING 2-Lecture-1203 - ACCT230 -Meta

Dashboard My courses FINANCIAL ACCOUNTING 2-Lecture-1203 - ACCT230 -Meta Test # 1 (Chapter 10), Sunday 1/8/2021, @ 2:00 p.m Test # 1- Chapter 10- 20%

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Question 17

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Farah Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $72,000; brokers fees, $6,000; title search and other legal fees, $5,000; demolition of an old building on the property, $5,700; accumulated property taxes, $200; digging foundation for the road, $3,000; laying and paving driveway, $25,000; lighting $7,500; signs, $1,500.

Required: Calculate the cost of the Land??

(Note: write your answer as a number only, with no commas or signs. If your answer is $ 1,000, write it as 1000).