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A company purchased land for $80,000. The company also assumes $16,000 of accrued taxes on the property, incurred $9,000 to remove an old building, and
A company purchased land for $80,000. The company also assumes $16,000 of accrued taxes on the property, incurred $9,000 to remove an old building, and received $4,000 from the salvage of the old building. At what amount will the land be recorded in the accounting records? O $91,000 O $95,000 O $88,000 $100,000 $ 101,000
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