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Eagle Country Club has acquired a lot to construct a clubhouse. Eagle had the following costs related to the construction: Architects fees $45,000 Construction labor
Eagle Country Club has acquired a lot to construct a clubhouse. Eagle had the following costs related to the construction:
Architects fees | $45,000 |
Construction labor | 80,000 |
Engineers fees | 15,000 |
Fences around building | 9,000 |
Grading and leveling | 10,000 |
Insurance costs incurred during construction | 7,000 |
Interest on money borrowed for construction | 5,000 |
Land | 73,000 |
Building Materials | 237,000 |
Sales taxes | 6,000 |
Trees and shrubs | 6,000 |
Determine the cost of the Club House to be reported on the balance sheet. $____
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