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View Policies Current Attempt in Progress Nash's Trading Company purchased land for $115500 with the intentions of constructing a new operating facility. The land purchase
View Policies Current Attempt in Progress Nash's Trading Company purchased land for $115500 with the intentions of constructing a new operating facility. The land purchase included a dilapidated building that was removed at a cost of $15800. The only salvage value from this old building was some materials which were sold for proceeds of $4100. Nash's Trading had paid surveying costs of $2100 and legal fees related to land transfer of $6400. The new building was quickly constructed at a total cost of $421300. Permits on the construction of this new facility totalled $17500. Insurance premiums of $9200 are paid annually. The production manager is currently on-site facilitating the production startup. This manager is an annual salary of $85600. What capital cost is assigned to the new building? $438800 O $448000 $450100 O $533600 Save for Later Attempts: 0 of 1 used Submit
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