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22) Travis, Inc. purchased land to build an office. In the first quarter, the following amounts were incurred: Acquisition of land Architectural Fee Lawn sprinkler
22) Travis, Inc. purchased land to build an office. In the first quarter, the following amounts were incurred: Acquisition of land Architectural Fee Lawn sprinkler system Surveys and legal fees Land clearing Contractor charges for building Fencing Material and labor cost for building Install lighting and signage Parking lot $49,000 5,600 2,800 2.200 1,300 56,000 8,200 320,000 1,100 2,600 What amount should be recorded as the cost of the building in the corporation's books? A) $384,000 B) $448,800 C) $393,300 D) $381,600
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