This paper circulates around the core theme of 1. What is the capitalized cost of each of Ayer’s land, land improvements, and building? together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Ayer Self Storage purchased land, paying $ 175,000 cash as a down payment and signing a $ 155,000 note payable for the balance. Ayer also had to pay delinquent property tax of $ 3,000,title insurance costing $ 3,500,and $ 8,000 to level the land and remove an unwanted building. The company paid $ 55,000 to add soil for the foundation and then constructed an office building at a cost of $ 650,000. It also paid $ 53,000for a fence around the property,$15,000for the company sign near the property entrance, and $ 11,000for lighting of the grounds. Requirement1. What is the capitalized cost of each of Ayer’s land, land improvements, and building?
