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Multiple Choice Question 65 Sheridan Company acquires land for $85400 cash. Additional costs are as follows: $ 270 1400 120 Removal of shed Filling and

Multiple Choice Question 65 Sheridan Company acquires land for $85400 cash. Additional costs are as follows: $ 270 1400 120 Removal of shed Filling and grading Salvage value of lumber of shed Broker commission Paving of parking lot Closing costs 1140 10700 600 Sheridan will record the acquisition cost of the land as $87140. 0 $88930. $96100. O $88690

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