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Cost of Specific Plant Items The following expenditures were incurred by Peterson Enterprises Co. in 20Y1: Purchase of land $ 297,000 Land survey 4,800 Fees
Cost of Specific Plant Items
The following expenditures were incurred by Peterson Enterprises Co. in 20Y1:
Purchase of land | $ | 297,000 |
Land survey | 4,800 | |
Fees for search of title for land | 500 | |
Building permit | 4,000 | |
Temporary quarters for construction crews | 11,200 | |
Payment to tenants of old building for vacating premises | 4,450 | |
Razing old building | 41,000 | |
Excavating basement | 13,000 | |
Special assessment tax for street project | 2,400 | |
Dividends | 4,000 | |
Damages awarded for injuries sustained in construction (no insurance was carried) | 8,750 | |
Costs of construction | 2,405,000 | |
Cost of paving parking lot adjoining building | 65,000 | |
Cost of shrubs, trees, and other landscaping | 36,000 |
What is the cost of the land, land improvements, and building?
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