Solution-Make a schedule showing the amounts to be recorded

Make a schedule showing the amounts to be recorded as Land

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Reference no: EM132883221

Question - SASA Company made the following expenditures in connection with the construction of its new soccer facility:

Architect's fees $8,000

Cash paid for land and old building $130,000

Removal of old building $19,000

Survey to site the new building $6,000

Legal fees for title search $900

Excavation for construction of basement $1,500

Machinery purchased $71,000

Storage charges on machinery because building was not ready when machinery was delivered $500

Freight on machinery purchased $1,500

Hauling charges to deliver machinery from storage to new building $500

Construction costs of new building $612,000

Landscaping $6,500

Installation of machinery $8,500

Required - Make a schedule showing the amounts to be recorded as Land, Building, Machinery and Equipment, and Expenses.

Reference no: EM132883221

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Make a schedule showing the amounts to be recorded as Land

Reference no: EM132883221

Reference no: EM132883221

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