Answer:
$224,000
Explanation:
The solution of the amount that Polly should capitalize in the land account is given below:-
Amount capitalize in the land account = Purchase of land + Delinquent property taxes + Commission to broker + Cost of grading
= $200,000 + $8,000 + $14,000 + $2,000
= $224,000
Hence, for determining the amount capitalize in the land account we simply used the above formula.