On February 12,Oceans Company purchased a tract of land as a factory site for $190,000.An existing building on the property was razed and construction was begun on a new factory building in March of the same year.Additional data are available as follows:

The recorded cost of the completed factory building should be
A)$1,165,000
B)$1,220,000
C)$1,027,500
D)$1,082,500

Question

On February 12,Oceans Company purchased a tract of land as a factory site for $190,000.An existing building on the property was razed and construction was begun on a new factory building in March of the same year.Additional data are available as follows:

The recorded cost of the completed factory building should be

The recorded cost of the completed factory building should be
A)$1,165,000 
B)$1,220,000 
C)$1,027,500 
D)$1,082,500

Quizplus · Accepted Answer

The Answer of On February 12,Oceans Company purchased a tract of land as a factory site for $190,000.An existing building on the property was razed and construction was begun on a new factory building in March of the same year.Additional data are available as follows:

The recorded cost of the completed factory building should be
A)$1,165,000 
B)$1,220,000 
C)$1,027,500 
D)$1,082,500

On February 12,Oceans Company Purchased a Tract of Land as a Factory