Question
On March 1, 2022, Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $94,000 in cash.
On March 1, 2022, Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $94,000 in cash. An old warehouse on the property was demolished at a cost of $9,300; the salvaged materials were sold for $2,200. Additional expenditures before construction began included $3,100 attorney's fee for work concerning the land purchase, $6,400 real estate broker's fee, $10,900 architect's fee, and $18,600 to put in driveways and a parking lot. (a) Your answer has been saved. See score details after the due date. Determine the amount to be reported as the cost of the land. Cost of the land 106400
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