Answer:
$16,500
Step-by-step explanation:
Data provided in the question:
Amount spent for Acquisition of land = $15,000
Amount spent for Survey/legal fees = $1,200
Amount spent for Land clearing = $300
Amount spent for Fencing = $4,000
Amount spent for Install lighting/signage = $1,160
Now,
The cost of the land in the corporation's books will be
= Acquisition of land + Survey/legal fees + Land clearing
= $15,000 + $1,200 + $300
= $16,500
