Land buildings and machinerya company made the following

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Reference no: EM13356532

Land, Buildings, and Machinery.

A company made the following expenditures in connection with the construction of its new building:

Architect's fees for the new building.......................................	$12,000
Cash-paid for land and run-down building of the land.........	300,000
Removal of old building.............................................................	18,000
Salvage from sale of old building materials............................	(4,000)
Construction survey to site the new building.........................	1,500
Legal fees for the title search....................................................	3,000
Excavation for the basement construction.............................	25,000
Machinery purchased for operations.......................................	100,000
Storage charges on machinery because building was not ready when machinery was delivered................................................	900
Freight in machinery purchased...............................................	1,600
Hauling charges to delivery machinery from storage to new building.........................................................................................	300
Construction costs of new building..........................................	1,000,000
Landscaping.................................................................................	20,000
Installation of machinery...........................................................	2,500

Prepare a schedule showing the amounts to be recorded as Land, Buildings, and Machinery.

Reference no: EM13356532

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