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1. What is the capitalized cost of each of Pawtuckets land, land improvements, and building? Pawtucket Self Storage purchased land, paying $155,000 cash as a

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What is the capitalized cost of each of Pawtuckets land, land improvements, and building?

Pawtucket Self Storage purchased land, paying $155,000 cash as a down payment and signing a $190,000 note payable for the balance. Pawtucket also had to pay delinquent property tax of $6,000, title insurance costing $2,500, and $12,000 to level the land and remove an unwanted building. The company paid $53,000 to add soil for the foundation and then constructed an office building at a cost of $600,000. It also paid $50,000 for a fence around the property, $13,000 for the company sign near the property entrance, and $9,000 for lighting of the grounds.

the cost of the land? $

The cost of land improvement is? $

The cost of the building is?

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