Use the Following Information for Questions

question 65

Multiple Choice

Use the following information for questions.
Wilson Co.purchased land as a factory site for $600,000.Wilson paid $60,000 to tear down two buildings on the land.Salvage was sold for $5,400.Legal fees of $3,480 were paid for title investigation and making the purchase.Architect's fees were $31,200.Title insurance cost $2,400, and liability insurance during construction cost $2,600.Excavation cost $10,440.The contractor was paid $2,200,000.An assessment made by the city for pavement was $6,400.Interest costs during construction were $170,000.
-The cost of the land that should be recorded by Wilson Co.is

• A)$660,480.
• B)$666,880.
• C)$669,880.
• D)$676,280.

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Definitions:

REM Sleep

Rapid Eye Movement sleep, a phase of sleep characterized by rapid movements of the eyes, vivid dreams, and increased brain activity.

Sleep

A natural, reversible state of reduced responsiveness to external stimuli and relative inactivity, accompanied by complex physiological processes vital for health.

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Organisms that hunt and consume other organisms for food, playing a critical role in controlling the population and health of prey species.

Familiar Environment

A setting or context that is well known to an individual, often associated with comfort and safety.