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A company purchased land for $89000 cash. Real estate brokers commission was $4500 and $6500 was spent for demashing an old building on the land

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A company purchased land for $89000 cash. Real estate brokers commission was $4500 and $6500 was spent for demashing an old building on the land belove construction of a new building could start Under the historical cost principle, the cost of land would be recorded at $89000 $100000 $69000 $104500

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