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21. A company purchased land for $72,000 cash. Real estote brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the
21. A company purchased land for $72,000 cash. Real estote brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of o new buiding could stort, Proceeds from salvage of the demolished ding wos $1,200. Under the cost prindiple, the cost of land would be recorded ot A) $82,800 B) $72,000. C) $77.800. D) $84,000. 1,60
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