Item 1: Entity A purchased land adjacent to its plant to improve access for trucks...
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Accounting
Item 1: Entity A purchased land adjacent to its plant to improve access for trucks making deliveries. The expenditure incurred in purchasing the land was as follows: Purchase price $75,000 Broker's fees 1,700 Title search and survey 5.000 Demolition of an old building on property 5,700 Grading 1,200 Digging foundation for the road 3.000 Laying and paving driveway 25.000 Lighting 7.500 1 Signs 1.500 Proceeds from the salvuse of the demolished building were $1,000 List the items and amounts that make up the Land account. Be sure to provide a total
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