Question
Acer, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent: Acquisition of land $16,000 Surveys and legal fees
Acer, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent:
| Acquisition of land | $16,000 |
| Surveys and legal fees | 900 |
| Land clearing | 500 |
| Fencing | 5,000 |
| Install lighting and signage | 1,160 |
What amount should be recorded as the cost of the land in the corporation's books?
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ISO 9000 Family Of Standards With Extracts From ISO 9001 Audit Trail
Authors: David John Seear
1st Edition
1477226400, 978-1477226407
