Farah Corporation purchased land adjacent to its plant to improve access for trucks making deliveries....
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Farah Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $70,000; brokers fees, $4,000; title search and other legal fees, $5,000; demolition of an old building on the property, $5,700; accumulated property taxes, $1,200; digging foundation for the road, $3,000; laying and paving driveway, $25,000; lighting $7,500; signs, $1,500. Required: Calculate the cost of the Land?? ( Note: write your answer as a number only, with no commas or dollar signs. If your answer is $1,500, write it as 1500 )
Farah Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $70,000; brokers fees, $4,000; title search and other legal fees, $5,000; demolition of an old building on the property, $5,700; accumulated property taxes, $1,200; digging foundation for the road, $3,000; laying and paving driveway, $25,000; lighting $7,500; signs, $1,500.
Required: Calculate the cost of the Land??
( Note: write your answer as a number only, with no commas or dollar signs. If your answer is
$1,500, write it as 1500 )
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