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A company incurred the following costs: Purchase price of land $280,000 Survey fees 4000 Payment for demolition of old building on land 40,000 Back property
A company incurred the following costs:
Purchase price of land | $280,000 |
Survey fees | 4000 |
Payment for demolition of old building on land | 40,000 |
Back property taxes on land | 3000 |
Paving costs for parking lot | 70,000 |
Fence around perimeter of land | 15,000 |
Lights in parking lot | 90,000 |
Signs for new business | 5,000 |
What is the cost of the land? A.)$397,000 B.)$280,000 | C.)$324,000 D.)$327,000 |
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