Land: 230000 Buildings: 890000 Leasehold Improvements: 660000 Equipment: 87

Land: 230000
Buildings: 890000
Leasehold Improvements: 660000
Equipment: 875000
1) site 621 acquired for $850000 commission to real estate agent: $51000 cost to clear land $35000. Timber and gravel were recovered while clearing land
and sold for $13000
2)site 622 acquired for $420000. (land valued at 300000 and building at 120000) Building demolished costing $41000. New building constructed for $330000
plus following costs:
excavation fees: 38000
architechual design fees: 11000
building permits 2500
Imputed interest on funds used during construction: 8500
Building done and occupied 9/30/2012
3) site 623 acquired for $650000 and put on market to be resold.
4) during Dec2012 costs of $89000 were incurred to improve a leased office space. The lease is up in Dec 2014 and is not likely to be renewed.
5) a group of new machines was purchased under royalty agreement that provides for payment of royalties based on unit production of machines. The invoice price
is $87000 freight costs $3300 and installation cost $2400. Royalty payments for 2012 were $17500. prepare a detailed analysis of the changes in each of the following bal sheet accounts for 2012: Land Buildings Leasehold Improvements Equipment