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Determining Cost of Land an old building from the land were $ 2 1 , 0 0 0 . Materials salvaged from the demolition of

Determining Cost of Land an old building from the land were $21,000. Materials salvaged from the demolition of the building were sold for $5,100. A contractor was paid $1,027,500 to construct a new warehouse.
Determine the cost of the land to be reported on the balance sheet.
$
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