Ch10 Homework A SURM n to Grade 10 2020 1026 Your gadis being recorded -700 Question 26 View Policies Current Attempt in Progress Sheffield Co. purchased and as a factory site for 5568.000. The process of tearing down two old buildings on the site and constructing the factory required 6 months. The company paid $59.640 to rate the old buildings and sold salvaged lumber and brick for $8.946 L e es of $2.627 were paid for investigation and drawing the purchase contract. Sheffield paid $3,124 to an engineering form for a land survey and $96.560 for drawing the factory plans. The band survey had to be made before definitive plans could be drawn Title insurance on the property cost $2.130, and a liability insurance premium paid during construction was $127. The contractorschafor construction was $330.00. The com p aid the contractor intensaments $1704.000 at the end of 3 months and $2.186 800 upon completion. Interest costs of $241.00 were incurred to face the construction Determine the cost of the land and the cost of the building as they should be recorded on the book of Sheld a Assume that the land survey was for the building Cost of the Land Cost of the Buildings e Textbook and Media Attempts of used