Dickson Corporation purchased land adjacent to its plant to improve access for trucks making deliveries.Expenditures incurred by the company were as follows: purchase price,$80,000; broker's fees,$14,000; title search and other fees,$12,000; demolition of an old building on the property,$7,400; grading,$2,400; digging foundation for the road,$6,000; laying and paving driveway,$50,000; lighting,$15,000; signs,$3,000.List the items and the amounts that should be included in the Land account.

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The Answer of Dickson Corporation purchased land adjacent to its plant to improve access for trucks making deliveries.Expenditures incurred by the company were as follows: purchase price,$80,000; broker's fees,$14,000; title search and other fees,$12,000; demolition of an old building on the property,$7,400; grading,$2,400; digging foundation for the road,$6,000; laying and paving driveway,$50,000; lighting,$15,000; signs,$3,000.List the items and the amounts that should be included in the Land account.

Dickson Corporation Purchased Land Adjacent to Its Plant to Improve