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What is the initial measurement of the property for xyz corp

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Reference no: EM132776257

XYZ Corp. acquires a building to be leased out under various operating leases. XYZ incurs the following costs on the acquisition:

Purchase Price = 20,000,000

Legal Services and transfer taxes = 20,000

Reimbursements before occupancy = 60,000

Occupancy permit fees = 50,000

Property taxes after occupancy = 16,000

Opening costs (blessing and feng shui) = 1,000,000

Question 1: What is the initial measurement of the property?

Reference no: EM132776257

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