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A business signs a $300,000 note payable to purchase land for a new production facility. It pays $10,000 in real estate commission, $8,000 in back
A business signs a $300,000 note payable to purchase land for a new production facility. It pays $10,000 in real estate commission, $8,000 in back property tax, $5,000 for removal of an old building, a $1,000 survey fee, and $260,000 to pave the parking lot. What is the cost of the land?in table
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