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Harris Teeter purchases a plot of land for $500,000. In addition to the purchase price, Harris Teeter pays $15,000 as a commission to their broker,
Harris Teeter purchases a plot of land for $500,000. In addition to the purchase price, Harris Teeter pays $15,000 as a commission to their broker, $4,000 in filing fees, and $6,000 in other closing costs. Harris Teeter also spends $20,000 to demolish a dilapidated barn located on the property and salvages $500 of timber and scrap metal that it is able to sell to a local construction company What would the carrying value of the land be on Harris Teeter's books? Enter your answer as a number with no additional symbols or punctuation e, 9.5000
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