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Swifty Corporation purchased land as a factory site for $1330000. Swifty paid $119000 to tear down two buildings on the land. Salvage was sold for
Swifty Corporation purchased land as a factory site for $1330000. Swifty paid $119000 to tear down two buildings on the land. Salvage was sold for $8200. Legal fees of $5260 were paid for title investigation and making the purchase. Architect's fees were $47000. Title insurance cost $3600, and liability insurance during construction cost $3900. Excavation cost $15680. The contractor was paid $4400000. An assessment made by the city for pavement was $9600. Interest costs during construction were $256000. The cost of the land that should be recorded by Swifty Corporation is O $1463760. O $1473360. O $1449660. $1459260
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