1.

2.

Strike Three Company acquires land for $65,000 cash. Additional costs are as follow. $500 Removal of unwanted shed $1,500 Filling and grading Salvage value of lumber of shed $320 $1,130 Broker commission $10,000 Paving of parking lot $850 Closing costs Strike Three will record the acquisition cost of the land as? $68,660 $68,980 $65,000 $69,300