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Question 1. What is the cost of land Question 2: What is the cos of new building? Enchantment Company incurred the following expenditures related to
Question 1. What is the cost of land Question 2: What is the cos of new building?
Enchantment Company incurred the following expenditures related to land and building: 1,000,000 50,000 Cash paid for land and dilapidated building Removal of old building to make room for construction of a new building Payment to tenants for vacating old building Architect fee for new building Building permit for new construction Fee for title search Survey before construction Excavation before new construction New building constructed Assessment by city for drainage project Cost of grading, leveling and landfill Driveways and walks to the building from street (part of the building plan) Temporary quarters for construction crew Temporary building to house tools and materials Cost of changes during construction to make new building more energy efficient Costs of windows broken by vandals 15,000 200,000 30,000 10,000 20,000 100,000 6,000,000 5,000 45,000 40,000 80,000 60,000 50,000 25,000Step by Step Solution
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