Question 1 The following expenditures were incurred by Skysong AG in purchasing land: cash price €81,200,...
Question 1
The following expenditures were incurred by Skysong AG in
purchasing land: cash price €81,200, accrued taxes €2,750,
attorneys’ fees €2,250, real estate broker’s commission €2,160, and
clearing and grading €3,170.
What is the cost of the land?
| Cost of the land | €
|
Homework Answers
Cost of land:
| Cash price | 81,200 |
| Accrued taxes | 2,750 |
| Attorneys' fees | 2,250 |
| Real estate broker's commission | 2,160 |
| Clearing and grading | 3,170 |
| Cost of land | 91,530 |
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