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What the endevour enterprises will record acquisition cost

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Reference no: EM132966852

Problem - Endevour Enterprises acquires land for $250,000 cash. Additional costs are as follows:

Removal of old building $10,000

Salvage of building materials from old building $1,500

Filling and grading $2,500

Broker commission $3,300

Paving of parking lot $30,000

Stamp duty $7,000

Required - What the Endevour Enterprises will record the acquisition cost of the land?

Reference no: EM132966852

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