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check work please On March 1, 2018, Oriole Corporation acquired real estate, on which it planned to construct a small office building, by paying $72,350
check work please
On March 1, 2018, Oriole Corporation acquired real estate, on which it planned to construct a small office building, by paying $72,350 in cash. An old warehouse on the property was demolished at a cost of $8,051; the salvaged materials were sold for $1,705. Additional expenditures before construction began included a $1,550 legal fee for work concerning the land purchase, a $9,039 architect's fee, and $12,810 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land. Cost of Land $ 80,246 LINK TO TEXT For each cost not used part (a), indicate the account to be debited. Architect's fee Buildings Driveways and parking lot Land ImprovementsStep by Step Solution
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