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Fluffy purchased a lot 6 years ago at a cost of $402,000. Today,that alot has market value of $440,

Fluffy purchased a lot 6 years ago at a cost of $402,000. Today,that alot has market value of $440,

Fluffy purchased a lot 6 years ago at a cost of $402,000. Today,that alot has market value of $440,000. At the time of thepurchase, the company spent $35,000 to level the lot and another$40,000 to install storm drains. The company now wants to build anew facility on that site. The building cost is estimated at $1.51million. What amount should be used as the upfrount cost for thisproject?