a company purchased land for $91400

12 A company purchised land for $91400 cash. Real estate brokers' commission was $4200 and $7000 was spent for demolshing construction of a new building could start. Proceeds from salvage of the demolished building was $1700. Under the historical cost principle, the cost of land would be recorded at O $100900. O $96700. o $102600. o $91400. Click if you would like to Show Work for this question: Open Show Work MacBook