Use the Following Information to Solve the Following Questions

question 84

Multiple Choice

Use the following information to solve the following questions:
Morocco Corp. purchased land as a factory site for $ 250,000. They paid $ 10,000 to tear down two buildings on the land, and the salvage from these old buildings was sold for $ 1,350. Legal fees of $ 870 were paid for title investigation and making the purchase. Architect's fees were $ 10,300. Title insurance cost $ 600, and liability insurance during construction cost $ 650. Excavation costs were $ 2,610. A contractor was paid $ 600,000 to construct the new building. An assessment made by the city for pavement was $ 1,600. Interest costs during construction were $ 42,500.
-The cost of the building should be recorded at

• A) $ 656,060.
• B) $ 655,800.
• C) $ 653,710.
• D) $ 653,450.

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Definitions:

Mass Culture

The set of ideas, activities, and values that are shared by the majority of people in society, disseminated through mass media and consumerism.

Black Culture

The social practices, languages, religious beliefs, and artistic expressions historically developed among African Americans.

1950s

The era characterized by economic prosperity in the Western world, the rise of consumer culture, and significant political and social developments amidst the Cold War context.

Anticommunist Hysteria

A period characterized by heightened fear and suspicion of communism and its potential spread in the United States, especially during the Cold War era.