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Business, 29.01.2021 16:30 gugu1004

Waterway Industries purchased land as a factory site for $1330000. Waterway paid $112000 to tear down two buildings on the land. Salvage was sold for $8000. Legal fees of $5140 were paid for title investigation and making the purchase. Architect's fees were $46900. Title insurance cost $3900, and liability insurance during construction cost $4200. Excavation cost $15760. The contractor was paid $4200000. An assessment made by the city for pavement was $9700. Interest costs during construction were $251000. a. The cost of the land that should be recorded by Wilson Co. is:
b. The cost of the building should be recorded by Wilson Co. is:

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Waterway Industries purchased land as a factory site for $1330000. Waterway paid $112000 to tear dow...
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