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Business, 30.11.2019 06:31 h0ttmomma92002
Wilson co. purchased land as a factory site for $1,350,000. wilson paid $120,000 to tear down two buildings on the land. salvage was sold for $8,100. legal fees of $5,220 were paid for title investigation and making the purchase. architect's fees were $46,800. title insurance cost $3,600, and liability insurance during construction cost $3,900. excavation cost $15,660. the contractor was paid $4,200,000. an assessment made by the city for pavement was $9,600. interest costs during construction were $255,000.
the cost of the land that should be recorded by wilson co. is?
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Wilson co. purchased land as a factory site for $1,350,000. wilson paid $120,000 to tear down two bu...
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