Exercise 10-2 - Survey $ 2,200 Plans 68,000 Title insurance...

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EXERCISE 10-2 (10–15 minutes) The allocation of costs would be as follows: Land Building Land $400,000 Razing costs 42,000 Salvage (6,300) Legal fees 1,850
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Unformatted text preview: Survey $ 2,200 Plans 68,000 Title insurance 1,500 Liability insurance 900 Construction 2,740,000 Interest 170,000 $439,050 $2,981,100 10-16...
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