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Ivanhoe Cosmetics Corporation purchased land adjacent to its plant to improve access for trucks making...

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Accounting

Ivanhoe Cosmetics Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $56,800; broker's fees, $5,140; title search and other fees, $4,140; demolition of an old building on the property, $4,840; grading, $940; digging foundation for the road, $2,740; laying and paving driveway, $26,800; lighting $7,540; signs, $1,540. List the items and amounts that should be included in the Land account. > > > > SA $
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Ivanhoe Cosmetics Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $56,800; broker's fees, $5,140;, title search and other fees, $4,140; demolition of an old building on the property, $4,840; grading, $940; digging foundation for the road, $2,740; laying and paving driveway, $26,800; lighting $7,540; signs, $1,540. List the items and amounts that should be included in the Land account

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