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Greenhouse Nursery _ purchased land for $ 1 0 0 , 0 0 0 , removed a building that cost $ 1 0 , 0
Greenhouse Nurserypurchased land for $ removed a building that cost $ cleared and graded the land at a cost of $ incurred legal fees of $ and installed a parking lot for $ and a fence for $ All items were paid by cash.
Instructions
a Calculate the cost of the land.
b Calculate the cost of the land improvements.
c Record the purchase of the land and land improvements.
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