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Find carla vista will record the acquisition cost of land

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Reference no: EM132746346

Carla Vista Co. acquires land for $270000 cash. Additional costs are as follow.

Removal of shed $2100

Filling and grading 7300

Salvage value of lumber of shed 1280

Broker commission 4570

Paving of parking lot 40000

Closing costs 4000

Problem 1: Carla Vista will record the acquisition cost of the land as

a. $286690.

b. $289250.

c. $287970.

d. $270000.

Reference no: EM132746346

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