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Able Company Purchased Land and Incurred the Following Costs: Purchase                $1,000,000~~~~~~~~~~~~~~~\$1,000,000

Question 2

Multiple Choice

Able Company purchased land and incurred the following costs: Purchase price                $1,000,000~~~~~~~~~~~~~~~\$1,000,000
Excavation cost                   100,000~~~~~~~~~~~~~~~~~~100,000
Rarzing wild building           25,000~~~~~~~~~~25,000
Broker fees                         20,000~~~~~~~~~~~~~~~~~~~~~~~~20,000
Cost off property taxas           50,000~~~~~~~~~~50,000




What is the cost of the land?


A) $1,100,000
B) $1,195,000
C) $1,145,000
D) $1,125,000

Correct Answer:

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