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Determine the cost of the land, based on the following data. Land purchase price $90,000 Broker's commission 7,500 Payment for the demolition and removal of

Determine the cost of the land, based on the following data.

Land purchase price $90,000

Broker's commission 7,500

Payment for the demolition and removal of existing building 2,500

Cash received from the sale of materials salvaged from the demolished building 500

$

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