Nash's Trading Post, LLC purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $55,000; broker’s fees, $6,000; title search and other fees, $5,000; demolition of an old building on the property, $5,700; grading, $1,200; digging foundation for the road, $3,000; laying and paving driveway, $25,000; lighting $7,500; signs, $1,500.List the items and amounts that should be included in the Land account.select an expenditure                                                           Digging Foundation for the RoadLand Acquisition CostTitle Search and Other FeesGradingLaying and Paving DrivewayDemolition of Old BuildingPurchase PriceLightingSignsBroker’s Fees $enter a dollar amount  select an expenditure                                                           Purchase PriceLightingDemolition of Old BuildingTitle Search and Other FeesBroker’s FeesSignsLaying and Paving DrivewayLand Acquisition CostDigging Foundation for the RoadGrading enter a dollar amount select an expenditure                                                           Digging Foundation for the RoadBroker’s FeesGradingLightingDemolition of Old BuildingLand Acquisition CostSignsTitle Search and Other FeesLaying and Paving DrivewayPurchase Price enter a dollar amount select an expenditure                                                           LightingLand Acquisition CostPurchase PriceDigging Foundation for the RoadTitle Search and Other FeesSignsDemolition of Old BuildingGradingLaying and Paving DrivewayBroker’s Fees enter a dollar amount select an expenditure                                                           SignsLaying and Paving DrivewayBroker’s FeesPurchase PriceDemolition of Old BuildingLightingGradingLand Acquisition CostDigging Foundation for the RoadTitle Search and Other Fees enter a dollar amount select a closing Land account item                                                           SignsLand Acquisition CostBroker’s FeesGradingDemolition of Old BuildingDigging Foundation for the RoadLightingTitle Search and Other FeesPurchase PriceLaying and Paving Driveway $enter a total dollar amount

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Asked Dec 5, 2019
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Nash's Trading Post, LLC purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $55,000; broker’s fees, $6,000; title search and other fees, $5,000; demolition of an old building on the property, $5,700; grading, $1,200; digging foundation for the road, $3,000; laying and paving driveway, $25,000; lighting $7,500; signs, $1,500.

List the items and amounts that should be included in the Land account.

select an expenditure                                                           Digging Foundation for the RoadLand Acquisition CostTitle Search and Other FeesGradingLaying and Paving DrivewayDemolition of Old BuildingPurchase PriceLightingSignsBroker’s Fees   $enter a dollar amount   
select an expenditure                                                           Purchase PriceLightingDemolition of Old BuildingTitle Search and Other FeesBroker’s FeesSignsLaying and Paving DrivewayLand Acquisition CostDigging Foundation for the RoadGrading   enter a dollar amount  
select an expenditure                                                           Digging Foundation for the RoadBroker’s FeesGradingLightingDemolition of Old BuildingLand Acquisition CostSignsTitle Search and Other FeesLaying and Paving DrivewayPurchase Price   enter a dollar amount  
select an expenditure                                                           LightingLand Acquisition CostPurchase PriceDigging Foundation for the RoadTitle Search and Other FeesSignsDemolition of Old BuildingGradingLaying and Paving DrivewayBroker’s Fees   enter a dollar amount  
select an expenditure                                                           SignsLaying and Paving DrivewayBroker’s FeesPurchase PriceDemolition of Old BuildingLightingGradingLand Acquisition CostDigging Foundation for the RoadTitle Search and Other Fees   enter a dollar amount  
select a closing Land account item                                                           SignsLand Acquisition CostBroker’s FeesGradingDemolition of Old BuildingDigging Foundation for the RoadLightingTitle Search and Other FeesPurchase PriceLaying and Paving Driveway   $enter a total dollar amount 
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The cost of acquiring land include all cost which are incurred for acquiring land like purchase price, legal fees, title fees, survey cost, demolition cost of any old stru...

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