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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 $170,292 Broker's commission 16,485

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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 $170,292 Broker's commission 16,485 Payment for demolition and removal of existing building 4,109 Cash received from sale of materials salvaged from demolished building 1,287

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