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Bonita Corp. acquires land for $114000 cash. Additional costs are as follows: Removal of shed $ 550 Filling and grading 3600 Residual value of lumber

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Bonita Corp. acquires land for $114000 cash. Additional costs are as follows: Removal of shed $ 550 Filling and grading 3600 Residual value of lumber from shed 140 Paving of parking lot 16100 Closing costs 1360 Bonita will record the cost of the land as O $119370 $114000 $118820 $135750

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