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

Question 6

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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:
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
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

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