Chapter 16 Problem 16-5
Taxes in arrears 50,000
Payment for land 1,000,000
Demolition of old building 100,000
Total cost of land 1,150,000
Architect fee 230,000
Payment to city hall 120,000
Contract price 5,000,000
Safety fence around construction site 35,000
Safety inspection on building 30,000
Removal of safety fence 20,000
Total cost of factory building 5,435,000
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