Eagle Country Club Has Acquired a Lot to Construct a Clubhouse.Eagle

question 147

Essay

Eagle Country Club has acquired a lot to construct a clubhouse.Eagle had the following costs related to the construction:
$\begin{array}{l}\begin{array}{lll}\text { Architects' fees } \\\text { Construction labor } \\\text { Engineers' fees } \\\text { Fences around building } \\\text { Grading and leveling } \\\text { Insurance costs incurred during construction } \\\text { Interest on money borrowed for construction } \\\text { Land } \\\text { Building Materials } \\\text { Sales taxes } \\\text { Trees and shrubs }\end{array}\begin{array}{r}\$ 45,000 \\80,000\\15,000\\9,000\\10,000\\7,000\\5,000\\73,000\\237,000\\6000\\6000\\\end{array}\end{array}$
Determine the cost of the club house to be reported on the balance sheet.

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Definitions:

British Freedom

Refers to the various aspects of civil liberties and democratic principles that have developed and evolved within Britain over centuries.

Protestantism

A form of Christian faith and practice that originated with the Reformation, a movement against what its followers considered to be errors in the Roman Catholic Church.

Secular View

An approach or perspective that focuses on the present life and physical world, often rejecting or excluding religious considerations and beliefs.

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Republican virtue is a political concept emphasizing the importance of civic virtue and morality in citizens to sustain a republic, historically significant in American and French republican thought.