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On March 1, 2025. Carla Vista Co. acquired real estate, on which it planned to...

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Accounting

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On March 1, 2025. Carla Vista Co. acquired real estate, on which it planned to construct a small office building by paying $79,000 in cash. An old warehouse on the property was demolished at a cost of $8,000; the salvaged materials wcre 50 ld for $1,660. Additional expenditures before construction began included $1,160 attorney's fee for work concerning the land purchase, $4,400 real estate broker's fee, $8,660 architect's fee, and $13,800 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of the land

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