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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 $180,810 Broker's commission 18,336
Based on the following data, determine the cost of the land to be reported on the balance sheet.
| Land purchase price | $180,810 |
| Broker's commission | 18,336 |
| Payment for demolition and removal of existing building | 3,148 |
| Cash received from sale of materials salvaged from demolished building | 1,637 |
$fill in the blank
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
