Oriole Company purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows:
purchase price, $ 60,000; brokers fees, $ 6,180; title search and other fees, $ 5,050; demolition of an old building on the property, $ 5,880; grading, $ 1,280; digging foundation for the road, $ 3,140; laying and paving driveway, $ 29,800; lighting $ 7,710; signs, $ 1,720.
List the items and amounts that should be included in the Land account.
$
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Oriole Company purchased land adjacent to its plant to improve access for trucks making deliveries....
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