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Business, 15.02.2021 21:00 Xavier2712

Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 192,000 Real estate commissions 16,700 Legal fees 2,500 Expenses of clearing the land 3,700 Expenses to remove old building 2,700 What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building

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Merchant Company purchased property for a building site. The costs associated with the property were...

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