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The cost of the land is Milloy Self Storage purchased land, paying $190,000 cash as a down payment and signing a $155,000 note payable for
The cost of the land is
Milloy Self Storage purchased land, paying $190,000 cash as a down payment and signing a $155,000 note payable for the balance. Milloy also had to pay delinquent property tax of $4,000, title insurance costing $3,000, and $2,000 to level the land and remove an unwanted building. The company paid $58,000 to add soil for the foundation and then constructed an office building at a cost of $750,000. It also paid $49,000 for a fence around the property, $11 ,000 for the company sign near the property entrance, and $7,000 for lighting of the grounds. Read the requirement. The cost of the land is
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