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Pear Company plans to develop a shopping center. The following amounts were spent: Acquisition of land $17,000 Surveys and legal fees 800 Land clearing 1200
Pear Company plans to develop a shopping center. The following amounts were spent:
Acquisition of land | $17,000 |
Surveys and legal fees | 800 |
Land clearing | 1200 |
Fencing | 8000 |
Install lighting and signage | 1860 |
What amount should be recorded as the cost of the land in the company's books?
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