Question 1 of 5 View Policies Show Attempt History Current Attempt in Progress (a) > Your answer is incorrect. On March 1, 2022, Pharoah Company acquired real estate, on which it planned to construct a small office building, by paying $83,000 in cash. An old warehouse on the property was demolished at a cost of $8,800; the salvaged materials were sold for $1,820. Additional expenditures before construction began included $1,320 attorney's fee for work concerning the land purchase, $4,800 real estate broker's fee, $8,820 architect's fee, and $14,600 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land. Cost of land $ Search Save for Later Using multiple attempts has impacted your score. 5% score reduction after attempt 1 Attempts: 2 of 3 used 0/5 13 : ( Submit Answer ENG IN 1:29 AM 7/1/2023

On Mareh 1, 2022, Plaroah Company acquired real estate, on which it planned to construct a small office building, by paying $83,000 in cash. An old warehouse on the proporty was demolished at a cost of $8,800, the salvaged materials were sold for $1,820 Additional expenditures before construction began included $1,320 attorney's fee for work concerning the land purchase, $4,800 real estate broker's fee, 58,820 architect's fee, and $14,600 to put in driveways and a parking let. (a) Determine the amount to be reported as the cost of the land. Cost of land Attempts: 2 of 3 ined Using mulbole attemgts has impacted vour score 5) scoee reductionafter altemph 1