On march 1, 2014, rollinger company acquired real estate on which it planned to construct a small office building. the company paid $79,660 in cash. an old warehouse on the property was razed at a cost of $10,020; the salvaged materials were sold for $3,380. additional expenditures before construction began included $1,160 attorney’s fee for work concerning the land purchase, $4,870 real estate broker’s fee, $7,970 architect’s fee, and $13,570 to put in driveways and a parking lot. determine the amount to be reported as the cost of the land.

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration