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Multiple Choice Question 61 Crane Company acquires land for $340000 cash. Additional costs are as follow. Removal of shed $2000 Filling and grading 6500 Salvage

Multiple Choice Question 61 Crane Company acquires land for $340000 cash. Additional costs are as follow. Removal of shed $2000 Filling and grading 6500 Salvage value of lumber of shed 1260 Broker commission 4550 Paving of parking lot 45000 Closing costs 5500 Crane will record the acquisition cost of the land as $357290. $359810. $358550. $340000.

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