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Business, 23.04.2021 02:50 bigemma03

Oriole Company purchased land as a factory site for $1340000. Oriole paid $115000 to tear down two buildings on the land. Salvage was sold for $8000. Legal fees of $5080 were paid for title investigation and making the purchase. Architect's fees were $46200. Title insurance cost $3500, and liability insurance during construction cost $3800. Excavation cost $15660. The contractor was paid $4400000. An assessment made by the city for pavement was $9900. Interest costs during construction were $256000. The cost of the land that should be recorded by Oriole Company is

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