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    Financial and Managerial Accounting Study Set 8
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    Exam 9: Plant and Intangible Assets
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    Land Is Purchased for $456,000
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Land Is Purchased for $456,000

Question 142

Question 142

Multiple Choice

Land is purchased for $456,000.Additional costs include a $30,300 fee to a broker,a survey fee of $3,400,$2,750 to construct a fence,and a legal fee of $12,500.What is the cost of the land?


A) $456,000
B) $486,300
C) $502,200
D) $504,950

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