Business, 18.08.2021 23:40 portielesc

Pawtucket Furniture purchased land, paying $85,000 cash plus a $270,000 note payable. In addition, Pawtucket paid delinquent property tax of $4,500, title insurance costing $3,500, and $9,000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $400,000. It also paid $53,000 for a fence around the property, $18,000 for a sign near the entrance, and $7,000 for special lighting of the grounds. a. The cost of the land is $.
b. The cost of land improvements is $.
c. The cost of the building is $.

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Pawtucket Furniture purchased land, paying $85,000 cash plus a $270,000 note payable. In addition, P...

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