*53% CO Fri 11:04 PM a Help I NEXT CALCULATOR PRINTER VERSON 4BACK X Your answer

Question

*53% CO Fri 11:04 PM a Help I NEXT CALCULATOR PRINTER VERSON 4BACK X Your answer is incorrect. Try again. real estate, on which it planned to construct a small office building, by paying $85,500 in cash. An old warehouse on the property was demolished at a cost of $9,300; the $1,420 attorney's parking lot. expenditures before construction began included fee for work concerning the land purchase, $5,050 real estate broker's fee, $8,920 architect's fee, and $15,100 to put in driveways and a salvaged materials were sold for $1,920. Additional Cost of land 13850 Click if you would like to Show Work for this question: Open Show Work SAVE FOR LATER Question Attempts: 2 of 5 used

Explanation / Answer

(a) Cost of land = Cash paid + Demolishion cost - Proceeds from material + Attorney’s fee + Real estate broker’s fee

= $85,500 + $9,300 - $1,920 + $1,420 + $5,050

= $99,350

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.