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What amount should the land be recorded in carla vista

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Reference no: EM132957266

Carla Vista Enterprises incurred several costs related to the acquisition of plant assets.

Purchase price of land and dilapidated building $306800

Real estate broker's commission 20060

Demolition costs of dilapidated building 25960

Architect's fees and building permits 28320

Payments to contract for building construction 1026600

Purchase of new furniture and equipment 87320

Actual interest costs during building construction 159300

Actual interest cost after completion of building construction 141600

Costs of walks, driveways, and parking lot 64900

Problem 1: At what amount should the land be recorded in Carla Vista's accounting records?

A) $352820

B) $326860

C) $417720

D) $332760

Reference no: EM132957266

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