Question 12 0.5 pts Avis Company buys land to use as a parking lot. The...
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Question 12 0.5 pts Avis Company buys land to use as a parking lot. The company had to remove a shed on the property to use the land for a parkng lot. Avis Company pays $85,000 for land and incurs the following additional costs: removal of shed $1,500, filling and grading $1,500, broker commission $1,130, paving of the parking lot $10,000, closing costs $850. Avis Company receives $320 for the sale of the shed that was originally on the property (salvage value). What amount should Avis Company record on its balance sheet as the capitalizable cost of the Building? Do not enter a dollar sign or any commas
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