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13 Soccer Wholesale purchased land and a warehouse for one price of $870,000. In addition to the purchase price, Soccer Wholesale makes the following expenditures
13 Soccer Wholesale purchased land and a warehouse for one price of $870,000. In addition to the purchase price, Soccer Wholesale makes the following expenditures related to the acquisition: broker's commission, $46,300; title insurance, $3,700; and miscellaneous closing costs, $6,300. The warehouse is immediately demolished at a cost of $75,600 in anticipation of building a new warehouse. 6 points Determine the amount Soccer Wholesale should record as the cost of the land. Cost of the land 00:54:25 Ask
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