Tillman Is Building a Warehouse for Use in His Business

question 47

Multiple Choice

Tillman is building a warehouse for use in his business. The construction costs include the following:
?
$$\begin{array} { l r } \text { Direct labor } & \$ 35,000 \\\text { Direct materials } & 20,000 \\\text { Architect fees } & 5,000 \\\text { Interest on construction loan } & 3,000 \\\text { Depreciation of equipment used in construction } & 1,500 \\\text { Indirect Administrative costs during construction } & 2,000\end{array}$$
What is Tillman's basis in the warehouse?

• A)$60,000
• B)$61,500
• C)$63,500
• D)$64,500
• E)$66,500

---

Definitions:

Nativists

Individuals or groups advocating for the preference of born citizens over immigrants, often pushing for policies that restrict immigration.

Urban Crime

Criminal activities and offences that occur predominantly in urban or city areas, often associated with violence, theft, and vandalism.

Political Corruption

The abuse of public power for personal gain or the manipulation of governmental practices and policies for selfish purposes.

Lowell Mill

Lowell Mills were textile mills located in Lowell, Massachusetts, which became known for employing young women, called "Mill Girls," under unique labor conditions during the early phases of the Industrial Revolution in the United States.