Arthur, Inc plans to develop a shopping center
In the first quarter, the following amounts were spent:
Acquisition of land $23,000
Surveys and legal fees 1,400
Land clearing 1,100
Fencing 8,000
Install lighting and signage 11,060
What amount should be recorded as the land improvement cost?
A) $9,100
B) $10,500
C) $19,060
D) $2,500
C .Fencing $8,000
Lighting and signage 11,060
Cost of land improvement $19,060
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