* m/takeAssignment/takeAssignment Main.do?nvoker=&takeAssignmentSessionLocator=&inprogress=false Schedule Co National Student CO Assignments 2021 2 Answered) The No Success Page Reading eBook B Show Me How Printem Determining Cost of Land On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $40,000 and giving a short-term note for $285,000. Legal fees paid were $2,275, delinquent taxes assumed were $13,500, and fees paid to remove an old building from the land were $22,000. Materials salvaged from the demolition of the building were sold for $4,800. A contractor was paid $981,000 to construct a new warehouse Determine the cost of the land to be reported on the balance sheet. 329,300X To My W Costs incurred to ready the asset for use are added to the asset account. Materials salvaged and sold during the process reduce the cost of the land 0 0 10:49