Question
A company incurred the following costs: Purchase price of land $270,000 Survey fees 2,000 Payment for demolition of old building on land 20,000 Back property
A company incurred the following costs:
| Purchase price of land | $270,000 |
| Survey fees | 2,000 |
| Payment for demolition of old building on land | 20,000 |
| Back property taxes on land | 1,000 |
| Paving costs for parking lot | 40,000 |
| 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?
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Auditing Your Human Resources Department A Step By Step Guide
Authors: John H. McConnell
1st Edition
0814474675, 978-0814474679
