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Columbus wholesale motor Company purchases land for $ 1 8 5 , 0 0 0 cash Columba assumes 5 1 0 0 and property taxes

Columbus wholesale motor Company purchases land for $185,000 cash Columba assumes 5100 and property taxes due to the land the title and attorney fees total 2300 Columbia has the land graded for 3600 they paid 18,000 for paving of a parking lot what amount does Columba record as the cost of the land

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