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Sandhill Corp. purchased land as a factory site for $300000. They paid $10630 to tear down two buildings on the land, and the salvage
Sandhill Corp. purchased land as a factory site for $300000. They paid $10630 to tear down two buildings on the land, and the salvage from these old buildings was sold for $1310. Legal fees of $860 were paid for title investigation and making the purchase. Architect's fees were $10410. Title insurance cost $600, and liability insurance during construction cost $650. Excavation costs were $2950. A contractor was paid $611000 to construct the new building. An assessment made by the city for pavement was $1810. Interest costs during construction were $44600. The cost of the building should be recorded at $669610. $669315. $666660. $667237.
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