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accounting question Determining Cost of Land On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $35,000 in cash and giving a
accounting question Determining Cost of Land On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $35,000 in cash and giving a short-term rote for $261,000. Legal fees pal were $1,710, delinquent taxes assumed were $9,300, and fees paid to remove an old building from the land were $16.500. Materials salvaged from the dermolition of building were sold for $4,500. A contractor was paid $902,900 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet
accounting question
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