BE9.1 (LO 1) The following expenditures were incurred by Rosenberg Construction in purchasing land: cash price €64,000, accrued taxes €3,000, attorneys' fees €2,500, real estate broker's commission €2,000, and clearing and grading €4,400. What is the cost of the land? Determine the cost of land.

BE9.1 (LO 1) The following expenditures were incurred by Rosenberg Construction in purchasing land: cash price €64,000, accrued taxes €3,000, attorneys' fees €2,500, real estate broker's commission €2,000, and clearing and grading €4,400. What is the cost of the land? Determine the cost of land.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.1MBA

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