Solution-Total amount that should be recorder in the land

Total amount that should be recorder in the land account

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Reference no: EM13301111

A company purchases a piece of land with an old building for $150,000 it also paid $120,500 in real states commissions, $1,800 in legal fees, $3,000 in title search and title insurance. In addition, the company also paid $2,800 to clear the land and another $5,000 to tear down the old building. Some of the contents of the old building were sold from $1,400.

The total Amount that should be recorder in the land account is:

a)$150,000

b)167,300

c)175,100

d)173,700

Reference no: EM13301111

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Total amount that should be recorder in the land account

Reference no: EM13301111

Reference no: EM13301111

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