Question
Petes Pizzeria buys a new building to expand their business. The building has a cash cost of $125,000. Repairs to the building in order to
Petes Pizzeria buys a new building to expand their business. The building has a cash cost of $125,000. Repairs to the building in order to ring it up to code for sale cost $6,000. Attorneys fees are $4500 and the real estate commission and transfer taxes are $7000. What will be the cost of the property on Petes books?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
