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Business, 06.08.2021 16:10 kitt90335

g Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 195,000 Real estate commissions 17,000 Legal fees 2,800 Expenses of clearing the land 4,000 Expenses to remove old building 3,000 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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