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Buffalo Inc. purchased land at a price of $34,200. Closing costs were $1,740. An old...

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Accounting

Buffalo Inc. purchased land at a price of $34,200. Closing costs were $1,740. An old building was removed at a cost of $11,650. What amount should be recorded as the cost of the land?

The cost of land to be recorded $

Marigold Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,980,000 on March 1, $1,260,000 on June 1, and $3,006,900 on December 31. Compute Marigolds weighted-average accumulated expenditures for interest capitalization purposes.

Weighted-Average Accumulated Expenditures $

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