On December 1, Breeze Corp.purchased a tract of land for $320,000 to be used as a factory site.An old unusable building on the land was razed (torn down), and the salvaged materials from the demolition were sold.These cash expenditures and receipts and other costs incurred during December are as follows:

Calculate the balance in Breeze's Land account on its December 31 balance sheet.

Question

On December 1, Breeze Corp.purchased a tract of land for $320,000 to be used as a factory site.An old unusable building on the land was razed (torn down), and the salvaged materials from the demolition were sold.These cash expenditures and receipts and other costs incurred during December are as follows:
On December 1, Breeze Corp.purchased a tract of land for $320,000 to be used as a factory site.An old unusable building on the land was razed (torn down), and the salvaged materials from the demolition were sold.These cash expenditures and receipts and other costs incurred during December are as follows: Calculate the balance in Breeze's Land account on its December 31 balance sheet.

Calculate the balance in Breeze's Land account on its December 31 balance sheet.

Quizplus · Accepted Answer

The Answer of On December 1, Breeze Corp.purchased a tract of land for $320,000 to be used as a factory site.An old unusable building on the land was razed (torn down), and the salvaged materials from the demolition were sold.These cash expenditures and receipts and other costs incurred during December are as follows:

Calculate the balance in Breeze's Land account on its December 31 balance sheet.