Question
Assume: Purchase price of the land 11431.00 Real estate commission (%) of the purchase price 9.20 Demolition of old building on site 6686.67 Sale
Assume: Purchase price of the land 11431.00 Real estate commission (%) of the purchase price 9.20 Demolition of old building on site 6686.67 Sale of scrap from old building 3677.67 Construction cost of the new building 171453.00 Land survey costs 1234.55 Back taxes 1028.79 Architect fees 19545.64 The initial value of the building is: Answer: 194007.64 X
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Horngrens Accounting The Managerial Chapters
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th Global Edition
1292105879, 978-1292105871
