Brummel, Inc. plans to develop a shopping center. In the first quarter, the following amounts were incurred: Acquisition of land $53,000 Lawn sprinkler system 1,100 Surveys and legal fees 1,000 Land clearing 800 Fencing 6,300 Install lighting and signage 1,200 Parking lot 2,700 What amount should be recorded as the cost of the land in the corporation's books? Brummel, Inc. plans to develop a shopping center. In the first quarter, the following amounts were incurred: Acquisition of land $53,000 Lawn sprinkler system 1,100 Surveys and legal fees 1,000 Land clearing 800 Fencing 6,300 Install lighting and signage 1,200 Parking lot 2,700 What amount should be recorded as the cost of the land in the corporation's books? $63,400 $54,800 $54,000 $66,100
Brummel, Inc. plans to develop a shopping center. In the first quarter, the following amounts were incurred:
|
Acquisition of land |
$53,000 |
|
Lawn sprinkler system |
1,100 |
|
Surveys and legal fees |
1,000 |
|
Land clearing |
800 |
|
Fencing |
6,300 |
|
Install lighting and signage |
1,200 |
|
Parking lot |
2,700 |
What amount should be recorded as the cost of the land in the corporation's books?
Brummel, Inc. plans to develop a shopping center. In the first quarter, the following amounts were incurred:
|
Acquisition of land |
$53,000 |
|
Lawn sprinkler system |
1,100 |
|
Surveys and legal fees |
1,000 |
|
Land clearing |
800 |
|
Fencing |
6,300 |
|
Install lighting and signage |
1,200 |
|
Parking lot |
2,700 |
What amount should be recorded as the cost of the land in the corporation's books?
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