Asked by Thara
The following costs were incurred by Shumway Company in purchasing land: cash price, $84,000; removal of old building, $5,200; legal fees, $3,000; clearing and grading, $3,500; installation of fence, $3,400.
(a) What is the cost of the land?
(b) What is the cost of the land improvements?
Plz help. I have exam coming on monday! THANKS.
(a) What is the cost of the land?
(b) What is the cost of the land improvements?
Plz help. I have exam coming on monday! THANKS.
Answers
Answered by
Ms. Sue
Land: 84,000 + 3,000 = ?
Improvements: 5,200 + 3,500 + 3.400 = ?
Check your text to make sure that legal fees are included in the purchase of the land.
Improvements: 5,200 + 3,500 + 3.400 = ?
Check your text to make sure that legal fees are included in the purchase of the land.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.