FINANCIAL ACCOUNTING: TOOL
FINANCIAL ACCOUNTING: TOOL
9th Edition
ISBN: 9781119598305
Author: Kimmel
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 9, Problem 9.1BE
To determine

Cost of Land: The cost of land includes the following costs:

  • Purchase price of land
  • Attorney fees
  • Real estate agent commission
  • Title
  • Recording fees
  • Additional expenses :
    • Clearing
    • Filling and leveling of land
    • Removing of old buildings

To Calculate: the cost of land

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