Business, 10.09.2020 04:01 mikeymanfs

Wendy Enterprises, LLC purchases lands with the intention of using it for a parking lot for their downtown store. As part of the purchase of the land and its conversion into a parking lot, Wendy Enterprises, LLC incurred the following costs: Cost of the land $100,000
Real Estate Fees $ 500
Paving the Parking Lot $ 65,000
Installing Light Poles $ 15,000
Removal of a shed $ 600
What is the cost / dollar amount of the land that would be recorded?
A) $100,500
B) $101,100
C) $165,500
What is the cost/ dollar amount of the land improvements that would be recorded?
A) $80,600
B) $15,600
C) $80,000

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