Primadonna Company paid $870,000 plus $10,000 in legal costs for a parcel of real estate....
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Accounting
Primadonna Company paid $870,000 plus $10,000 in legal costs for a parcel of real estate. This included land appraised at $450,000; land improvements appraised at $170,000; and a building appraised at $380,000. The plan is to use the building as a manufacturing plant. Determine the amounts that should be debited to:
(a) Land $ __________ (b) Land Improvements $ __________ (c) Building $ __________
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