In the case of land purchased for the purpose of building a new office for company use, if the cost was $90,000, other costs were $2,500 for construction plans, $1,050 for a fence around the land, $4,750 for electrical installations, $1,250 for security guards, $3,450 for building materials, $2,000 insurance and $5,000 permits, and on the other hand we sold debris for $1,500 that already existed on the ground, when would be the cost to be recorded as the total cost of the land?

Assuming that in the purchase of the land $ 20,000 was contributed and the rest was financed, make the daily wage entries corresponding to the previous situation presented.

Assume also that a small building was built whose costs including permits, materials, labor, building permits and others totaled $ 45,000, what would be the cost of that building and what would be the daily income for it?

Regarding the previous table, why should the entrances of the land and the building be separated?