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Pear Company plans to develop a shopping center. The following amounts were spent Acquisition of land $20,000 Surveys and legal fees 1200 Land clearing 500

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Pear Company plans to develop a shopping center. The following amounts were spent Acquisition of land $20,000 Surveys and legal fees 1200 Land clearing 500 Fencing 1000 Install lighting and signage 1160 What amount should be recorded as the cost of the land in the company's books? O $22.700 D $21.500 O $22.860 $21,700

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