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Sunland Company purchased land as a factory site for $1360000. Sunland paid $115000 to tear down two buildings Salvage was sold for $8400. Legal fees
Sunland Company purchased land as a factory site for $1360000. Sunland paid $115000 to tear down two buildings Salvage was sold for $8400. Legal fees of $5280 were paid for title investigation and making the purchase. Architect's fees were $47000. Title insurance cost $3800, and liability insurance during construction cost $4100. Excavation cost $15980. The contracte was paid $4300000. An assessment made by the city for pavement was $9900. Interest costs during construction were $251000. The cost of the land that should be recorded by unland Company is $1500080 O $1475680 $1490180. O $1485580
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