Business, 20.08.2021 01:00 pippyysanchezz
Pawtucket furniture purchased land, paying $60000 cash and signing a 300000 note payable. In addition, Pawtucket paid delinquent property tax of $4,500, title insurance costing $3,500, and $9,000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $400,000. It also paid $53,000 for a fence around the property, $18,000 for a sign near the entrance, and $7,000 for special lighting of the grounds.
Required:
a. The cost of the land is $.
b. The cost of land improvements is $.
c. The cost of the building is $.
Answers: 2
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Pawtucket furniture purchased land, paying $60000 cash and signing a 300000 note payable. In additio...
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