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Ch 08 Ex 8 20 Help Save&Exit Subren Exercise 8-2 Recording costs of assets LO C1 Cals Marnfactuning purchases a large lot on which an old bulding is located as part ofits plarts lo budd a new plant The negotuste parchase prke is 5246 0003 for the lol gls $141000 for the old bruakdng. The company pays $34 3800 to tear drwm the ds tuldng and bulding and $94 for bghtang and paving a parkig eca next o the bualding Prepere a single journal entry to tecord these costs eurred by Cala, al of which are paid in cash pays a total of 515 $1.501,500 for the Journal entry worksheet Record the tolal costs o the plant assels O lype here to seach