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Lavallee Self Storage purchased land, paying exist165,000 cash as a down payment and signing a exist185,000 note payable for the balance. Lavallee also had to
Lavallee Self Storage purchased land, paying exist165,000 cash as a down payment and signing a exist185,000 note payable for the balance. Lavallee also had to pay delinquent tax of exist6.000, insurance exist2.500, and exist9,000 to level the land and remove an unwanted building. The company paid exist59,00 to add soil for the foundation and then constructed an office building at a cost of exist600,000. It also paid exist49,000 for a fence around the properly exist18,000 for the company sign near the properly entrance, and exist4,000 for lighting of the grounds. What is the capitalized cost of each of Lavallee's land, land improvements, and building? The cost of the land is exist The cost of the land improvements is exist The cost of the building is exist
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