On February 1, 2017, Sudan Corp.purchased a parcel of land for $300,000 as a factory site.An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2017.Costs incurred during this period are listed below: Sudan should record the cost of the land and new building, respectively, at

Question

On February 1, 2017, Sudan Corp.purchased a parcel of land for $300,000 as a factory site.An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2017.Costs incurred during this period are listed below:  Sudan should record the cost of the land and new building, respectively, at

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The Answer of On February 1, 2017, Sudan Corp.purchased a parcel of land for $300,000 as a factory site.An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2017.Costs incurred during this period are listed below:  Sudan should record the cost of the land and new building, respectively, at