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Assume: Purchase price of the land 23193.00 Real estate commission (%) of the purchase price 5.80 Demolition of old building on site 4111.36 Sale of
Assume:
| Purchase price of the land | 23193.00 |
| Real estate commission (%) of the purchase price | 5.80 |
| Demolition of old building on site | 4111.36 |
| Sale of scrap from old building | 1965.23 |
| Construction cost of the new building | 186880.00 |
| Land survey costs | 1785.86 |
| Back taxes | 2504.84 |
| Architect fees | 20743.68 |
The initial value of the building is:
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
