Land buildings and machinerya company made the following

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Land, Buildings, and Machinery.

A company made the following expenditures in connection with the construction of its new building:

Architect's fees for the new building.......................................

$12,000

Cash-paid for land and run-down building of the land.........

300,000

Removal of old building.............................................................

18,000

Salvage from sale of old building materials............................

(4,000)

Construction survey to site the new building.........................

1,500

Legal fees for the title search....................................................

3,000

Excavation for the basement construction.............................

25,000

Machinery purchased for operations.......................................

100,000

Storage charges on machinery because building was not ready when machinery was delivered................................................

900

Freight in machinery purchased...............................................

1,600

Hauling charges to delivery machinery from storage to new building.........................................................................................

300

Construction costs of new building..........................................

1,000,000

Landscaping.................................................................................

20,000

Installation of machinery...........................................................

2,500

Prepare a schedule showing the amounts to be recorded as Land, Buildings, and Machinery.

Reference no: EM13356532

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