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Moody Inc. purchased land, paying $150,000 cash as a down payment and signing a $100,000 note payable for the balance. Moody also had to pay
Moody Inc. purchased land, paying $150,000 cash as a down payment and signing a $100,000 note payable for the balance. Moody also had to pay delinquent properly of $5,000, title insurance costing $3,000, and $25,000 to level the land and to remove unwanted building. The company paid $70,000 to remove earth for the foundation and then constructed an office building at a cost of $3, 750,000. It also paid $100,000 for a fence around the property, $10, 500 for the company sign near the property entrance, and $18,000 for lighting of the grounds. Determine the cost of the company's land, land improvement and building
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