Land is purchased for $60,000. Back taxes paid by the purchaser were $2,400, clearing and
grading costs were $3,000, fencing costs were $2,500, and lighting costs were $500. What is the
cost of the land?
A$60,000B$65,400C$66,700D$67,200Land is purchased for $60,000. Back taxes paid by the
purchaser were $2,400, clearing and grading costs were $3,000, fencing costs were $2,500, and
lighting costs were $500. What is the cost of the land?
A$60,000B$65,400C$66,700D$67,200
Solution
$65,400. As the fencing and lighting costs are improvement costs..
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Land is purchased for $60,000. Back taxes paid by the purchaser were.pdf
1. Land is purchased for $60,000. Back taxes paid by the purchaser were $2,400, clearing and
grading costs were $3,000, fencing costs were $2,500, and lighting costs were $500. What is the
cost of the land?
A$60,000B$65,400C$66,700D$67,200Land is purchased for $60,000. Back taxes paid by the
purchaser were $2,400, clearing and grading costs were $3,000, fencing costs were $2,500, and
lighting costs were $500. What is the cost of the land?
A$60,000B$65,400C$66,700D$67,200
Solution
$65,400. As the fencing and lighting costs are improvement costs.
