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Exercise 10-1(Algo) Acquisition costs; land and building [LO10-1] On March 1,2024,...

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Accounting

Exercise 10-1(Algo) Acquisition costs; land and building [LO10-1]
On March 1,2024, Beldon Corporation purchased land as a factory site for $74,000. An old building on the property was demolished, and construction began on a new building that was completed on December 15,2024. Costs incurred during this period are listed below:
\table[[Demolition of old building,$6,000
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