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On March 1, 2022, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $ 80,000 in ash.
On March 1, 2022, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $ 80,000 in ash. An old warehouse on the property was demolished at a cost of $ 8,200, the salvaged materials were sold for $ 1.700. Additional expenditures before construction began included $ 1.900 attorney's fee for work concerning the land purchase.$ 5,200 real estate broker's fee. $ 9,100 architect's fee, and $ 14,000 to put in driveways and a parking lot. ) Determine the amount to be reported as the cost of the land. Cost of land 97600
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