Determine the costs of land and land improvements


Assignment:

Purchase of land                                         800,000

Land survey                                                   4,000

Land title fee search                                        2,000

Permits for building                                          2,500

Temporary housing for construction workers     12,000

Demolition of existing building                           8,000

Excavating the land                                         27,000

Buy-out of current tenant in the building            10,000

Special assessment for sewer project                75,000

Damages paid for injuries during construction    10,000,000

Construction costs                                            23,000,000

Paving costs for parking lot                               52,000

Cost of landscaping                                           75,000

Determine the costs of the land, the land improvements and the new building. Please list the items included in each calculation.

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Accounting Basics: Determine the costs of land and land improvements
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