Business, 24.07.2020 04:01 alexsan5537

Polly Corporation purchases land for $200,000. Polly incurs the following costs associated with the land acquisition: Property taxes for current year $4,000 Delinquent property taxes 8,000 Commission to broker 14,000 Cost of grading 2,000 Cost of land improvements 12,000 What is the amount that Polly should capitalize in the land account

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Polly Corporation purchases land for $200,000. Polly incurs the following costs associated with the...