[Solved] Assume S Ltd buys land for $ 1 0 0 , 0 0

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Assume S Ltd buys land for $ 1 0 0 , 0 0 0 . Property contains an old warehouse that cost $ 7 ,

Assume S Ltd buys land for $

100, 000 .

Property contains an old warehouse that cost $

7, 000

to demolish less $

1, 000

proceeds from scrap yard. Settlement agent fees were $

1, 000

and stamp duty $

2, 000 .

What is the cost of the land?

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