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August Co. bought land for a warehouse for $70,000. This land contains an old garage that is removed at a cost of $5,000. Closing

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August Co. bought land for a warehouse for $70,000. This land contains an old garage that is removed at a cost of $5,000. Closing costs include legal fees of $1,000 and brokerage fees of $ 2.000. The cost of the land will be Multiple Choice $70,000 $78.000 $73,000 $75,000 $76,000

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