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A company purchased land on which to construct a new building for a cost of $350,000. Additional costs incurred were: Real estate broker's commissions $

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A company purchased land on which to construct a new building for a cost of $350,000. Additional costs incurred were: Real estate broker's commissions $ 24,500 Legal fees incurred in purchase of the real estate 1,500 Landscaping 100 3,000 Cost to remove old house located on land Proceeds from selling materials salvaged from old house 1,000 What total dollar amount should be debited to the Land account

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