What expenditures mr schultz should include and total them

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Reference no: EM13902482

COST OF PROPERTY, PLANT, AND EQUIPMENT

Joe Schultz, Inc., purchased six acres of land for $30,000. Mr. Schultz is uncertain about what other expenditures in relation to this purchase he should include in the cost of land. From the following list, choose what expenditures Mr. Schultz should include and total them.

Purchase price	$30,000
Legal fees related to purchase	1,000
Removal of old warehouse	8,000
Planting shrubs along road	1,500
Interest on loan to purchase property	3,000
Realtor fee	1,200

Reference no: EM13902482

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