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E7-15A. (Learning Objective 1: Determining the cost of PPE) Ariana Self Storage pur- chased land, paying $185,000 cash as a downpayment and signing a $200,000
E7-15A. (Learning Objective 1: Determining the cost of PPE) Ariana Self Storage pur- chased land, paying $185,000 cash as a downpayment and signing a $200,000 note payable for the balance. Ariana also had to pay delinquent property tax of $4,500, title insurance costing $3,000, and $10,000 to level the land and remove an unwanted building. The company paid S63,000 to add soil for the foundation and then constructed an office building at a cost of $640,000. It also paid $57,000 for a fence around the property, $15,000 for the company sign near the property entrance, and $9,000 for lighting of the grounds. Determine the cost of Ariana's land, land improvements, and building
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