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Business, 22.04.2020 00:28 alex281485

Mason Company purchases a piece of land for $200,000. Mason Company paid $4,000 in brokerage commissions, $12,000 to clear and remove an unwanted building, $4,000 for building permits to construct a new building, $600,000 to construct a new building, and $2,000 in delinquent property taxes.

What is the amount to be capitalized (debited) to the Land account from this purchase?

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Mason Company purchases a piece of land for $200,000. Mason Company paid $4,000 in brokerage commiss...

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