Marsellus Manufacturing incurred the following costs in acquiring land, making land improvements,…

Marsellus Manufacturing incurred the following costs in acquiring land, making land improvements, and constructing and furnishing a new building. a. Purchase price of four acres of land…………………………………………………….. $206,000 b. Additional dirt and earthmoving ………………………………………………………….. 8,400 c. Fence around the boundary of the property…………………………………………… 16,000 d. Attorney fee for title search on the land………………………………………………… 1,000 e. Unpaid property taxes on the land to be paid by Marsellus……………………… 5,800 f. Company signs at the front of the property…………………………………………… 4,200 g. Building permit for the building…………………………………………………………… 1,200 h. Architect’s fee for the design of the building …………………………………………. 20,100 i. Labor to construct the building …………………………………………………………… 526,000 j. Materials used to construct the building ………………………………………………. 352,000 k. Landscaping…………………………………………………………………………………….. 6,700 l. Parking lot and concrete walks……………………………………………………………. 29,200

 

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