Use the Following Information for Questions

question 37

Multiple Choice

Use the following information for questions
Parry Co.purchased land as a factory site for $500,000.Parry paid $20,000 to tear down two buildings on the land.Salvage was sold for $2,700.Legal fees of $1,740 were paid for title investigation and making the purchase.Architect's fees were $20,600.Title insurance cost
$1,200, and liability insurance during construction cost $1,300.Excavation cost $5,220.The contractor was paid $1,200,000.An assessment made by the city for pavement was $3,200.Interest costs during construction were $85,000.
-The cost of the land that should be recorded by Parry Co.is

• A)$520,240.
• B)$523,440.
• C)$524,940.
• D)$528,140.

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Definitions:

Logic Continuity

Refers to the consistent and uninterrupted flow of logic in a control system or circuit, ensuring that operations proceed without logical breaks or errors.

Energize

To supply an electrical device or system with power or to activate a circuit, thereby enabling it to operate.

XIO Instruction

A programmable logic controller (PLC) instruction standing for "Examine if Open," used to check if a specific input or point in the circuit is off or not energized.

Processor

The central unit in a computer or mobile device that interprets and executes instructions, often referred to as a CPU (Central Processing Unit).