Respuesta :
Answer:
B
Explanation:
we are to calculate the total land cost recorded in this question;
To get the cost recorded we do the following;
Cost of land recorded = cost of land + commissions + cost of removing existing building - sale of salvaged materials on land
cost of land recorded= 80,000+ 4,800 + 20,000 - 4,000 = $100,800
Answer:
$102,000
Explanation:
Cost of land is derived based on the purchase price and every other cost incurred towards preparing it for use. These cost include commission , legal fees , bank charges , survey fees , title search fees , land preparation fees and other.
It is important to know that any form of revenue earned through the land shall be net off against the cost to arrive at the total value.
Cost of the land - $80,000
Commission - $ 4,800
Insurance - $ 1200
Decommissioning cost - $ $20,000
Sales of Salvaged material ($4000)
Total cost = $102,000
