Assignment help 3880

February 1, 2016, Alpha Company purchased land for the future factory location at a cost of $50,000.  The dilapidated building that was on the property was demolished so that construction could begin on the new factory building. The new factory was completed on November 1, 2016. Costs incurred during this period were:



Demolition dilapidated building


Architect Fees


Legal Fees – for title search


Interest During Active Construction Period


Construction Costs


Using this information, how much should be recorded as the cost of: (Enter only whole dollar values.)

1. Land

2. New Building

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