Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on march 1, 2019, cullumber company acquired real

On March 1, 2019, Cullumber Company acquired real estate on which it planned to construct...

80.2K

Verified Solution

Question

Accounting

On March 1, 2019, Cullumber Company acquired real estate on which it planned to construct a small office building. The company paid $75,000 in cash. An old warehouse on the property was razed at a cost of $8,000; the salvaged materials were sold for $1,500. Additional expenditures before construction began included $1,000 attorneys fee for work concerning the land purchase, $4,000 real estate brokers fee, $7,000 architects fee, and $13,000 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land.

Cost of land $enter the cost of land in dollars Click if you would lik

cost of land?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Programming
1.2K views

Design a program that will ask the user to input two integer numbers and then perform...

Psychology
1.2K views

Summary of the artical Biology dosent justify gender divide for toys by Cordelia fine

Mechanical Engineering
1.2K views

A train is moving in the forward direction at 0.65c. The tracks are 1.5m apart and...

Finance
1.2K views

Angel Inc. recently hired you as a consultant to estimate the company’s WACC. You have obtained...

Biology
1.2K views

5 The enzyme Occur is required to split sucrose into monosaccharides before fermentation

Physics
1.2K views

In a young s double shit interference patter the intensity of the central fringe at...

Geometry
1.2K views

Three vertices of a parallelogram are shown in the figure below Give the coordinates of...

Calculus
1.2K views

Decide from the graph whether or not the integral ? e^(-4x)dx might converge. If ...

Calculus
1.2K views

am stall sells both green tea and mocha ice cream A small portion of either...

Algebra
1.2K views

Determine which of the following statements are true and which are false.There exist vectors V,...

Accounting
1.2K views

Kristen Lu purchased a used automobile for $21,500...

Accounting
1.2K views

Account Name Type of Account Debit or Cre Liability Credit