pter 7- Homework Question 14, E7-24A (similar Part 1 of 3 Points: 0 of 10 Save K Belvidere Self Storage purchased land, paying $180,000 cash as a down payment and signing a $145,000 note payable for the balance. Belvidere also had to pay delinquent property tax of $1,500, title insurance costing $2,000, and $4,000 to level the land and remove an unwanted building. The company paid $57,000 to add soil for the foundation and then constructed an office building at a cost of $950,000. It also paid $47,000 for a fence around the property, $20,000 for the company sign near the property entrance, and $8,000 for lighting of the grounds. Read the requirement.

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