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Merchant Company purchased land for a building site. The costs associated with the property were: Purchase price Real estate commissions Legal fees Expenses of

Merchant Company purchased land for a building site. The costs associated with the property were: Purchase price Real estate commissions Legal fees Expenses of clearing the land What is the total recorded cost of the land? Multiple Choice $218,800 $195,000 $214,800 $199,800 $195,000 17,000 2,800 4,000

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