Question
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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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
