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Based on the following data, what is the cost of the land? Land purchase price $187,371 Broker's commission 18,241 Payment for demolition and removal of

Based on the following data, what is the cost of the land?

Land purchase price

$187,371

Broker's commission

18,241

Payment for demolition and removal of existing building

5,532

Cash received from sale of materials salvaged from demolished building

2,754

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