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On March 1, 2022. Oriole Company acquired real estate on which it planned to construct a small office building, by paying $77,000 in cash. An

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On March 1, 2022. Oriole Company acquired real estate on which it planned to construct a small office building, by paying $77,000 in cash. An old warehouse on the property was demolished at a cost of $7.600; the salvaged materials were sold for $1.580. Additional expenditures before construction began included $1.080 attorney's fee for work concerning the land purchase. 54.200 real estate broker's fee 58.580 architect's fee, and $13,400 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of lands

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