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3 Eagle Country Club has acquired land to construct a clubhouse building. Eagle had the following costs related to the construction Clubhouse Land building improvements
3 Eagle Country Club has acquired land to construct a clubhouse building. Eagle had the following costs related to the construction Clubhouse Land building improvements Description Construction Engineers' Fees Costs Land $15,000 Fences around building 9,000 37,000 Land Building Materials 237,000 Construction Labor 80,000 Sales Taxes on building materials 6,000 Grading and leveling land 10,000 Trees and Shrubs 6,000 Architects' Fees 25,000 $425,000 Totals REQUIRED: Complete the above schedule classifying each cost by writing the amount in the appropriate column (Land, Land Improvements, or Clubhouse building) and calculating the totals for cach column (24 points)
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