Type of costs: The cost of land and building includes the following costs: Purchase price of land Attorney fees Real estate agent commission Title Recording fees Legal fees Architect fees Building construction costs Interest costs related to the construction Sale of salvaged materials Additional expenses : Clearing Filling and leveling of land Removing of old buildings To analyze: the transactions relating to land, building, and other accounts.

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Chapter 9, Problem 9.1AP

To determine

Type of costs: The cost of land and building includes the following costs:

Purchase price of land

Attorney fees

Real estate agent commission

Title

Recording fees

Legal fees

Architect fees

Building construction costs

Interest costs related to the construction

Sale of salvaged materials

Additional expenses :

Clearing

Filling and leveling of land

Removing of old buildings

To analyze: the transactions relating to land, building, and other accounts.

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