What is the total cost of land if the purchase price was 150,000, the cost to demolish an old building is $50,000, the architect fees for a new building are $10,000 and the new building costs $200,000? $410,000 O $210,000 $200

Accounting Dec 01, 2020

What is the total cost of land if the purchase price was 150,000, the cost to demolish an old building is $50,000, the architect fees for a new building are $10,000 and the new building costs $200,000? $410,000 O $210,000 $200.000 O $150.000

Expert Solution


Purchase Price of Land	$ 150,000
Add:Cost to demolsih old building	$ 50,000
Total Cost of Land	$ 200,000
So Option C is answer

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