Business, 16.07.2021 17:40 kskfbfjfk

Pawtucket Self Storage purchased land, paying $160,000 cash as a down payment and signing a $150,000 note payable for the balance. Pawtucket also had to pay delinquent property tax of $2,000, title insurance costing $1,500, and $4,000 to level the land and remove an unwanted building. The company paid $54,000 to add soil for the foundation and then constructed an office building at a cost of $1,100,000. It also paid $48,000 for a fence around the property, $15,000 for the company sign near the property entrance, and $8,000 for lighting of the grounds. Requirement 1. What is the capitalized cost of each of Pawtucket's land, land improvements, and building?
The cost of the land is
The cost of the land improvements is
The cost of the building is .

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Pawtucket Self Storage purchased land, paying $160,000 cash as a down payment and signing a $150,000...

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