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Based on the following data, determine the cost of the land to be reported on the balance sheet. Land purchase price $172,672 Broker's commission 17,318

Based on the following data, determine the cost of the land to be reported on the balance sheet. Land purchase price $172,672 Broker's commission 17,318 Payment for demolition and removal of existing building 5,209 Cash received from sale of materials salvaged from demolished building 2,833 $fill in the blank 1

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