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8.7.3 These expenditures were incurred by Metlock, Inc. in purchasing land: cash price $80,000, assumed accrued taxes $3,500, attorney's fees $2,100, real estate broker's commission

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8.7.3
These expenditures were incurred by Metlock, Inc. in purchasing land: cash price $80,000, assumed accrued taxes $3,500, attorney's fees $2,100, real estate broker's commission $1,600, and clearing and grading $5,100. What is the cost of the land

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