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Oliga [24]
3 years ago
9

Based on the following data, what is the cost of the land?

Business
1 answer:
kifflom [539]3 years ago
5 0

Answer:

cost = 214528

Explanation:

the cost of the asset includes

. purchase price

. directly attributable cost and

. certain future costs

in the given scenario

purchase price                           =  196022

direct. attributable cost :

commission cost                        =   16158

net removal cost (4993-2645)  =   2348

total cost of land                        =   214528

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