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Juliana purchases one acre of land for $200,000 for her new business, a coffee shop. She also pays 4% in brokerage commission and $4,000 in
Juliana purchases one acre of land for $200,000 for her new business, a coffee shop. She also pays 4% in brokerage commission and $4,000 in transfer taxes. After the purchase is completed, she will pay $2,000 to clear the land, a $1,000 survey fee, and $2,000 for a new advertising sign. What will be the book value of the land?
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