Bonanza Brothers Inc. purchased land at a price of $27,000. Closing costs were $1,400. An old building

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Bonanza Brothers Inc. purchased land at a price of $27,000. Closing costs were $1,400. An old building was removed at a cost of $12,200. What amount should be recorded as the cost of the land?

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 16, 2012 07:41 AM

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Bonanza Brothers Inc. purchased land at a price of $27,000. Closing costs were $1,400. An old building

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Intermediate Accounting principles and analysis

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