On March 1 , 2 0 2 4 , Beldon Corporation purchased land as a factory site for $ 7 6 , 0 0 0 An old building on the property was demolished, and construction began on a new building that was completed on December 1 5 , 2 0 2 4 Costs incurred during this period are listed below Salvaged materials resulting from the demolition of the old building were sold for $ 3 , 6 0 0 Required Determine the amounts that Beldon should capitalize as the cost of the land and the new building Complete this question by entering your answers in the tabs below Cost of Land Cost of New Building Determine the amounts that Beldon should capitalize as the cost of the land Note Amounts to be deducted should be indicated with a minus sign

Question

On March 1 , 2 0 2 4 , Beldon Corporation purchased land as a factory site for $ 7 6 , 0 0 0   An old building on the property was demolished, and construction began on a new building that was completed on December 1 5 , 2 0 2 4   Costs incurred during this period are listed below  Salvaged materials resulting from the demolition of the old building were sold for $ 3 , 6 0 0   Required  Determine the amounts that Beldon should capitalize as the cost of the land and the new building  Complete this question by entering your answers in the tabs below  Cost of Land Cost of New Building Determine the amounts that Beldon should capitalize as the cost of the land  Note  Amounts to be deducted should be indicated with a minus sign

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On March 1 , 2 0 2 4 , Beldon Corporation purchased land as a factory site for $ 7 6 , 0 0 0

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