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Assume Purchase price of the land 85037.00 Real estate commission (%) of the purchase price 6.80 Demolition of old building on site 12173.14 Sale
Assume Purchase price of the land 85037.00 Real estate commission (%) of the purchase price 6.80 Demolition of old building on site 12173.14 Sale of scrap from old building 8168.18 Construction cost of the new building 507214.00 Land survey costs 8163.55 Back taxes 8843.85 Architect fees 46156.47 The initial value of the land is: Answer:
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th edition
978-1118334331, 1118334337, 978-1119036449, 1119036445, 978-1119036432
