Thompson Glacier Limited purchased a tract of land and contracted with a commercial developer to build an office building.Thompson Glacier Limited also engaged other contractors for fencing,paving,lighting,and landscaping.
Based on the following data,determine the cost of the land,the building,and the land improvements.
∙ Purchased land for $100,000.
∙ Paid $2,000 for seller's back property taxes.
∙ Paid a builder $225,000 to design and build the office building.
∙ Paid an excavation company $6,000 to grade and clear the land to make it suitable for building purposes.
∙ Paid a landscaping company $6,500 for trees and shrubs.
∙ Paid a lighting contractor $10,000 for outside lighting around the parking area and sidewalks.
∙ Paid $15,000 to have the parking lot paved.
∙ Paid a fence builder $12,000 to construct a security fence around the property.

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The Answer of Thompson Glacier Limited purchased a tract of land and contracted with a commercial developer to build an office building.Thompson Glacier Limited also engaged other contractors for fencing,paving,lighting,and landscaping.
Based on the following data,determine the cost of the land,the building,and the land improvements.
∙ Purchased land for $100,000.
∙ Paid $2,000 for seller's back property taxes.
∙ Paid a builder $225,000 to design and build the office building.
∙ Paid an excavation company $6,000 to grade and clear the land to make it suitable for building purposes.
∙ Paid a landscaping company $6,500 for trees and shrubs.
∙ Paid a lighting contractor $10,000 for outside lighting around the parking area and sidewalks.
∙ Paid $15,000 to have the parking lot paved.
∙ Paid a fence builder $12,000 to construct a security fence around the property.

Thompson Glacier Limited Purchased a Tract of Land and Contracted