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Bramble Corp. purchased land as a factory site for $1355000, Bramble paid $120000 to tear down two buildings on the land. Salvage was sold for
Bramble Corp. purchased land as a factory site for $1355000, Bramble paid $120000 to tear down two buildings on the land. Salvage was sold for $8300. Legal fees of $5020 were paid for title investigation and making the purchase. Architect's fees were $47000. Title insurance cost $3500, and liability insurance during construction cost $3800. Excavation cost $15600. The contractor was paid $4300000. An assessment made by the city for pavement was $9500. Interest costs during construction were $258000 The cost of the building that should be recorded by Bramble Corp.is $4624400 $4305700. $4320100. $4307000
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