Current Attempt in Progress On March 1, 2020, Windsor Group acquired real estate on which it...

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Current Attempt in Progress On March 1, 2020, Windsor Group acquired real estate on which it planned to construct a small office building. The company paid 87,000 in cash. An old warehouse on the property was razed at a cost of 11,000; the salvaged materials were sold for 1,900. Additional expenditures before construction began included 1,600 attorney's fee for work concerning the land purchase, 4,700 real estate broker's fee, 7,100 architect's fee, and 14,200 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land Save for Later Using multiple attempts will impact your score. 15% score reduction after attempt 2 Attempts: 0 of 3 used Submit Answer Current Attempt in Progress On March 1, 2020, Windsor Group acquired real estate on which it planned to construct a small office building. The company paid 87,000 in cash. An old warehouse on the property was razed at a cost of 11,000; the salvaged materials were sold for 1,900. Additional expenditures before construction began included 1,600 attorney's fee for work concerning the land purchase, 4,700 real estate broker's fee, 7,100 architect's fee, and 14,200 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land Save for Later Using multiple attempts will impact your score. 15% score reduction after attempt 2 Attempts: 0 of 3 used Submit Answer