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What is the cost of the land

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Question - Company was organized in June 2019. The land and building account revealed the following details:

June 1 Organization fees paid to the state 150,000

June 30 Land site and old building 3,000,000

June 30 Corporate organization cost 300,000

July 1 Title clearance fee 50,000

Aug 31 Cost of razing old building 100,000

Sept 1 Salaries of VWX executives 600,000

Dec 31 Real estate tax 90,000

Required - What is the cost of the land?

Reference no: EM133103958

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