On September 1, 2010, Pablo Co. purchased a parcel of land for $150,000. Pablo paid $5,000 in legal costs to research the title for the land. The following additional costs were incurred during 2010 as Pablo began building construction on the
Pablo should record which of the following amounts as the cost for the land and the cost for the building:

Question

On September 1, 2010, Pablo Co. purchased a parcel of land for $150,000. Pablo paid $5,000 in legal costs to research the title for the land. The following additional costs were incurred during 2010 as Pablo began building construction on the 
Pablo should record which of the following amounts as the cost for the land and the cost for the building:

Quizplus · Accepted Answer

The Answer of On September 1, 2010, Pablo Co. purchased a parcel of land for $150,000. Pablo paid $5,000 in legal costs to research the title for the land. The following additional costs were incurred during 2010 as Pablo began building construction on the 
Pablo should record which of the following amounts as the cost for the land and the cost for the building: