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During the year just ended, LDTD Co. made the following expenditures related to property acquired for a plant site: Purchase price $300,000 Legal fees 30,000
During the year just ended, LDTD Co. made the following expenditures related to property acquired for a plant site: Purchase price $300,000 Legal fees 30,000 Costs of preparing the land for its intended use 45,000 Title insurance and recording fees 15,000 How much should be capitalized in the property account? Group of answer choices $360,000
$390,000
$345,000
$330,000
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