Question

Based upon the following data, what is the cost of the land? Land purchase price $192,411...

Based upon the following data, what is the cost of the land?

Land purchase price $192,411
Broker's commission 15,502
Payment for the demolition and removal of existing building 5,028
Cash received from the sale of materials salvaged from the demolished building 1,398

$

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Answer #1
Cost of Land
$
Land purchase price        192,411.00
Broker's commission          15,502.00
Payment for the demolition and removal of existing building            5,028.00
Cash received from the sale of materials salvaged from the demolished building          (1,398.00)
Total 211,543.00
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