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On the first doy of the year, Chins Express purchssed land for 571000 . Prior to construction of the new bulding, the land had ta

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On the first doy of the year, Chins Express purchssed land for 571000 . Prior to construction of the new bulding, the land had ta be cleared of trees and brush. Construction costs incurred dirling the first year are listed below: Required: Determine the amounts that the company should record in the Land and the Bulding accounts. (Amounts to be deducted should Indicated by a minus sign.)

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