Business, 23.12.2020 01:00 meramera50

Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 178,000 Real estate commissions 15,300 Legal fees 1,100 Expenses of clearing the land 2,300 Expenses to remove old building 1,300 What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building

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Merchant Company purchased property for a building site. The costs associated with the property were...

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