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On March 3 1 , 2 0 2 3 , Capital Investment Advisers paid $ 4 , 6 0 0 , 0 0 0 for
On March Capital Investment Advisers paid $ for land with two buildings on it The plan was to demolish Building
and build a new store Building in its place. Building was to be used as a company office and was appraised at a value of
$ A lighted parking lot near Building had improvements Land Improvements valued at $ Without considering
the buildings or improvements, the tract of land was estimated to have a value of $ Capital incurred the following additional
costs:
Cost to demolish Building
Cost of additional landscaping
Cost to construct new building Building
Cost of new land improvements near Building Land Improvements
Required:
Allocate the costs incurred by Capital to the appropriate columns and total each column.
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