On February 1, 2010, Sarazin Corporation purchased a parcel of land as a factory site for $300,000.An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2010.Costs incurred during this period are listed below: Sarazin should record the cost of the land and new building, respectively as

Question

On February 1, 2010, Sarazin Corporation purchased a parcel of land as a factory site for $300,000.An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2010.Costs incurred during this period are listed below:  Sarazin should record the cost of the land and new building, respectively as

Quizplus · Accepted Answer

The Answer of On February 1, 2010, Sarazin Corporation purchased a parcel of land as a factory site for $300,000.An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2010.Costs incurred during this period are listed below:  Sarazin should record the cost of the land and new building, respectively as

On February 1, 2010, Sarazin Corporation Purchased a Parcel of Land