ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT+ Multiple Choice Question 89 Robin Company acquires a piece of land on which it intends to build a factory to produce its primary product. The land is listed for sale at $460,000, but Robin Company's real estate broker is able to negotiate a sales price of $430,000. The land contains an old office building that is razed at a cost of $25,000 ($29,000 in costs less $4,000 proceeds from salvaged materials). Robin Company pays a commission to the real estate broker of $23,000 and an attorney's fee of $6,000. On its statement of financial position at December 31, 2014, what amount will Robin Company record as the cost of the land? $499,000 $455,000 $484,000 $524,000 DELL Question Attempts: 0 of 1 used SAVE FOR LATES SUBMIT ANSWER Submit Answer 08:02 ENG --