Business, 25.01.2021 21:00 jamarstand

Sheffield Corp. purchased land as a factory site for $1345000. Sheffield paid $116000 to tear down two buildings on the land. Salvage was sold for $8100. Legal fees of $5080 were paid for title investigation and making the purchase. Architect's fees were $46500. Title insurance cost $3500, and liability insurance during construction cost $3800. Excavation cost $15660. The contractor was paid $4200000. An assessment made by the city for pavement was $9500. Interest costs during construction were $257000. The cost of the land that should be recorded by Sheffield Corp. is

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Sheffield Corp. purchased land as a factory site for $1345000. Sheffield paid $116000 to tear down t...

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