Answer:
The cost of the land should be recorded by Bachman, Inc. = $24,300.
Explanation:
The cost of the land should be recorded by Bachman, Inc. = Acquisition of land + Surveys and legal fees + Land clearing
Given,
Acquisition of land = $22,000
Surveys and legal fees = 1,500
Land clearing = 800
Putting the values into the formula, we can get
The cost of the land should be recorded by Bachman, Inc. = Acquisition of land + Surveys and legal fees + Land clearing
The cost of the land should be recorded by Bachman, Inc. = $22,000 + 1,500 + 800
The cost of the land should be recorded by Bachman, Inc. = $24,300
Fencing and Install lighting and signage will not add The cost of the land should be recorded by Bachman, Inc.
