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​Bachman, Inc. plans to develop a shopping center. In the first​ quarter, the following amounts were​ spent: Acquisition of land $ 15,000 Surveys and legal fees 1,300 Land clearing 900 Fencing 7,000 Install lighting and signage 1,360. What amount should be recorded as the cost of the land in the​ corporation's books?

Respuesta :

Answer:

Cost of land will be $17200

Explanation:

We have given acquisition of land = $ 15,000

Surveys and legal fees = $1300

Land clearing = $900

Fencing = $7000

Installing lighting and signage = $1360

We have to find the cost of the land recorded in the corporation books

Cost of the land = $15000+$1300+$900 = $17200

Lighting ,fencing and  signage cost is not included in cost of land

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