Question 15 of 24 Current Artemprin progress -72 E Pharoah Chrome Bumpers bought two acres...
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Question 15 of 24 Current Artemprin progress -72 E Pharoah Chrome Bumpers bought two acres of land with an old office building on it that was deemed uusable. The cost was $432,000 of which Pharoah Chrome paid $72.000 in cash as a down payment and signed a 7% mortgage for the remainder. Pharoah Chrome immediately had the old building razed at a total cost of 57,810 and sold the salvaged materials for $1.960. Attorneys were paid 5980 in connection with the purchase. The architect's fee for drawing building plans for the new building cost 56,140 Pharoah Chrome paid $2.780 in connection with permits and zoning variances necessary prior to construction of the new building Pharoah Chrome paid the contractor $1.278.000 for construction of the new building along with $37,800 for a parking lot and necessary walkways and driveway Answer the following question (a) At what amount should the land be recorded Land be recorded 5 Attempts of used SA Solos taler (b) Homecommendee This part will be available when you complete the parte
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