Respuesta :
Beldon should set aside $64,000 for the cost of the land and $517,000 for the cost of the new building.
What are stocks?
- A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess.
- Most individual investors' portfolios are built on stocks, which are mostly bought and sold on stock exchanges.
- Government standards designed to shield investors from dishonest tactics must be followed during stock trades.
According to our question-
Capitalized cost of land
Purchase price $60,000
Demolition of old building $4,000
Less: Sale of materials $2,000 $2,000
Legal fees for title investigation $2,000
Total cost of land $64,000
Capitalized cost of building :
Construction costs $500,000
Architect's fees $12,000
Interest on construction loan $5,000
Total cost of building $517,000
Beldon should therefore capitalize $64,000 for the cost of the land and $517,000 for the cost of the new building.
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