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Merchant Company purchased land for a building site. The costs associated with the property were: Purchase price $ 183,000 Real estate commissions 15,800 Legal fees

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Merchant Company purchased land for a building site. The costs associated with the property were: Purchase price $ 183,000 Real estate commissions 15,800 Legal fees 1,600 Expenses of clearing the land 2,800 What is the total recorded cost of the land? $203,200 $186,600 $200,400 $183.000

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