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Business, 29.03.2021 16:40 kat5377

A company purchased land for $81200 cash. The real estate brokers' commission was $4900 and $8200 was spent for demolishing an old building on the land before construction of a new building could start. Proceeds from salvage of the demolished building were $1900. Under the historical cost principle, the cost of land is

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A company purchased land for $81200 cash. The real estate brokers' commission was $4900 and $8200 wa...

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