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im not understanding this problem here? Shahia Company bought a building for $90,000 cash and the land on which it was located for $122,000 cash.

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Shahia Company bought a building for $90,000 cash and the land on which it was located for $122,000 cash. The company paid transfer costs of $12,000 ( $5,000 for the building and $7,000 for the land). Renovation costs on the building before it could be used were $21,000. 3. What would be the net book value of the property (land and building) at the end of year 2 ? (Amounts to be deducted should be indicated by a minus sign.) Shahia Company bought a building for $90,000 cash and the land on which it was located for $122,000 cash. The company paid transfer costs of $12,000 ( $5,000 for the building and $7,000 for the land). Renovation costs on the building before it could be used were $21,000. 3. What would be the net book value of the property (land and building) at the end of year 2 ? (Amounts to be deducted should be indicated by a minus sign.)

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