Use the Following Information for Questions

question 71

Multiple Choice

Use the following information for questions.
La Bianco Company purchased land for a manufacturing facility for €1,100,000.The company paid €70,000 to tear down a building on the land.Salvage was sold for €10,500.Legal fees of €6,500 were paid for title investigation and making the purchase.Architect's fees were €40,500.Title insurance cost €4,500, and liability insurance during construction cost €13,500.Excavation cost €12,000.The contractor was paid €1,357,000.A one -time assessment made by the city for sidewalks was €7,500.La Bianca installed lighting and signage at a cost of €11,000.
-The cost of the land that should be recorded by La Bianca is

• A)€1,195,000.
• B)€1,178,000.
• C)€1,103,500.
• D)€1,006,500.

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Definitions:

Behavior

Refers to observable actions or responses of an organism, often in response to external stimuli.

Blood Chemistry

An analysis of blood samples to measure the levels of certain substances in the blood, used to evaluate general health or diagnose a variety of conditions.

Cognitive Perspective

An approach in psychology that emphasizes internal mental processes, including how people perceive, think, and solve problems.

Experiences

Events or occurrences that leave an impression on someone, contributing to their knowledge, opinions, or skills.