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Business, 30.10.2019 03:31 biancabell3

Falcon company acquired an adjacent lot to construct a new warehouse, paying $40,000 and giving a short-term note for $410,000. legal fees paid were $13,275, delinquent taxes assessed were $14,500, and fees paid to remove an old building from the land were $15,800. materials salvaged from the demolition of the building were sold for $6,800. a contractor was paid $890,000 to construct the new warehouse. what is the cost of the land to be reported on the balance sheet?

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Falcon company acquired an adjacent lot to construct a new warehouse, paying $40,000 and giving a sh...
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