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Novak Company acquires land for $56200 cash. Additional costs are as follows: Removal of shed $1720 Filling and grading 1450 Paving of parking lot 9000

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Novak Company acquires land for $56200 cash. Additional costs are as follows: Removal of shed $1720 Filling and grading 1450 Paving of parking lot 9000 Closing costs 690 Novak will record the acquisition cost of the land as $56200. $56890. $69060. O $60060

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