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A company purchased land for $540000 cash. The real estate broker's commission was $39000 and $49000 was spent for demolishing an old building on the

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A company purchased land for $540000 cash. The real estate broker's commission was $39000 and $49000 was spent for demolishing an old building on the land before construction of a new building could start. The cost of land is $579000. $540000 $628000. $589000

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