Ch 10: Homework Prev Next> Question 1 Bramble Co.purchased land as a factory site for $408.000. The process of tearing down two old buildings on the site and constructing the factory required 6 months The company paid $42840 to raze the old buildings and sold salvaged lumber and brick for $6-426 Legal fees of $1.887 were paid for title invwestigation and drawing defnitive plans could be drawn. Title insurance on the property c ns contract.Bramble paid $2.244 to an engineering firm for a land survey, and $69.360 for drawing the factory plans. The land survey had to be made before cost $1.530. and a liability insurance premium paid during construction was $918. The contractor's of 3 months and $1,570.800 upon completion charge for construction was $2.794,800. The company paid the contractor in two installments $1.224,000 at the end Interest costs of $173.400 were incurred to finance the construction uS the cost of the land and the cost of the building as they should be recorded on the bocks of Bramble Co. Assume that the land survey was for the Cost of the Land$ Cost of the Building $ Attempts: 0 of 3 used Save for Later