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Bison Company acquires land for $80,000 cash. Additional costs are as follows. cost to remove a shed $1,000 amount of cash received as a result

Bison Company acquires land for $80,000 cash. Additional costs are as follows. cost to remove a shed $1,000 amount of cash received as a result of salvaging the lumber in the shed 400 Broker commission $4,000 Paving of parking lot $10,000 Bison will record the acquisition cost of the land as

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