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Wildhorse Wholesale Motor Company purchases land for $170000 cash. Wildhorse assumes $4900 in property taxes...

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Accounting

Wildhorse Wholesale Motor Company purchases land for $170000 cash. Wildhorse

assumes $4900 in property taxes due on the land. The title and attorney fees totaled

$1600. Wildhorse has the land graded for $4200. They paid $19000 for paving of a

parking lot. What amount does Wildhorse record as the cost for the land?

a.$180700.

b.$170000.

c.$175800.

d.$199700.

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