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On the first day of the year, China Express purchased land for $82,000. Prior to construction of the new building, the land had to be

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On the first day of the year, China Express purchased land for $82,000. Prior to construction of the new building, the land had to be cleared of trees and brush. Construction costs incurred during the first year are listed below: Required: Determine the amounts that the company should record in the Land and the Building accounts. (Amounts to be deducted should be indicated by a minus sign.)

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