Question
PawtucketPawtucket Furniture purchased land, paying $ 85 comma 000$85,000 cash plus a $ 310 comma 000$310,000 note payable. In addition, PawtucketPawtucket paid delinquent property tax
PawtucketPawtucket
Furniture purchased land, paying
$ 85 comma 000$85,000
cash plus a
$ 310 comma 000$310,000
note payable. In addition,
PawtucketPawtucket
paid delinquent property tax of
$ 4 comma 000$4,000,
title insurance costing
$ 5 comma 500$5,500,
and
$ 3 comma 000$3,000
to level the land and remove an unwanted building. The company then constructed an office building at a cost of
$ 500 comma 000$500,000.
It also paid
$ 49 comma 000$49,000
for a fence around the property,
$ 11 comma 000$11,000
for a sign near the entrance, and
$ 7 comma 000$7,000
for special lighting of the grounds.
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