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    Cost of Land, Improvements and New Building

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    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 & THE NEW BUILDING. PLEASE LIST THE ITEMS INCLUDED IN EACH CALCULATION.

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    https://brainmass.com/business/accounting/costs-land-improvements-new-building-70671

    Solution Preview

    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 ...

    Solution Summary

    This provides the steps to compute the COSTS OF THE LAND, THE LAND IMPROVEMENTS & THE NEW BUILDING

    $2.19

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