Business, 12.04.2021 23:20 khloenm309

Marigold Corp. purchased land as a factory site for $1345000. Marigold paid $117000 to tear down two buildings on the land. Salvage was sold for $8000. Legal fees of $5000 were paid for title investigation and making the purchase. Architect's fees were $46700. Title insurance cost $3800, and liability insurance during construction cost $4100. Excavation cost $15000. The contractor was paid $4200000. An assessment made by the city for pavement was $9900. Interest costs during construction were $250000. The cost of the land that should be recorded by Marigold Corp. is $1476900. Required:
The cost of the land that should be recorded by Wilson Co. is:

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Marigold Corp. purchased land as a factory site for $1345000. Marigold paid $117000 to tear down two...