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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Acer, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent:

Acquisition of land   $17,000
Surveys and legal fees   600
Land clearing   800
Fencing   5,000
Install lighting and signage   1,560

What amount should be recorded as the cost of the land in the corporation's books?
A) $19,960
B) $22,800
C) $23,400
D) $18,400
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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#3
4 years ago
Thank you!
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