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Determining cost of land an old building from the land were $ 2 2 , 3 0 0 . Materials salvaged from the demolition of

Determining cost of land an old building from the land were $22,300. Materials salvaged from the demolition of the building were sold for $5,600. A contractor was paid $1,130,900 to construct a new warehouse.
Determine the cost of the land to be reported on the balance sheet.
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