drive and fly near an airport incurred the following cost to acquire land make land 492110

a. Purchase price of 3 acres of land

80,000

b. Delinquent real estate taxes on the land to be paid by Drive and fly

5,600

c. Additional dirt and earth moving

9,000

d. Title insurance on the Land acquisition

3,200

e. Fence around the boundary of the property

9,100

f. Building permit for the building

500

g. Architect fee’s for the design of the building

20,700

h. Sign near the front of the property

9,000

i. Material used to construct the building

215,000

j. Labor to construct the building

173,000

k. Interest cost on construction loan for the building

9,500

l. Parking lot on the property

29,000

m. Lights for the parking lots

11,300

n. Salary for the construction supervisor (80% to the building 20% to the parking lot and concrete walks)

80,000

o. Furniture

11,600

p. Transportation of furniture from seller to the building

2,200

q. Landscaping ( shrubs)

6,300