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Safari File Edit View History Bookmarks Window canvas.highline.edu 5 pts Question 32 A. Hurd Inc. purchased land as a factory site for $170,000. An old building on the property was demolished, and construction began on a new building. Costs incurred during the first year are listed as follows: Demolition of old building 9,000 Sale of salvage material 1,500 Building architect fees 25,000 Property taxes on the land of which 2,300 related to the period after construction of the building. 15.600 Building insurance for the first year of operation 10,000 rd Interest costs related to the construction 27600 Sidewalks 12,000 Drive way 13,200 Building construction costs 475,000 What amount is included in the land improvement account 225000 pa 25200 none of the above a fe 12

Explanation / Answer

Answer is 25200 Explanation: Cost of Land Improvement: Cost of Sidewalks 12,000 Cost of Drive way 13,200 Cost of Land Improvement: 25,200

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