Solution-What amount should be recorded as the land

What amount should be recorded as the land improvements cost

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Reference no: EM132595218

Question - McArthur Company plans to develop a shopping center. In the first quarter, the following amounts were spent:

Acquisition of land $21,000

Surveys and legal fees 1500

Land clearing 1000

Fencing 6000

Install lighting and signage 16,060

What amount should be recorded as the land improvements cost?

A. $22,060

B. $8500

C. $2500

D. $7000

Reference no: EM132595218

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What amount should be recorded as the land improvements cost

Reference no: EM132595218

Reference no: EM132595218

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