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On March 1, 2023, Michael Industries purchased a parcel of land for $100,000. An old structure on the property was demolished at a cost of

On March 1, 2023, Michael Industries purchased a parcel of land for $100,000. An old structure on the property was demolished at a cost of $7,000 and the salvaged materials were sold for $1,000. Michael Industries also paid $2,242 in attorney fees and $8,274 in real estate broker's commission. 


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