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plant asset expenditures A city purchased a vacant lot for $55,000 cash to turn it into a playground. The city assumed $4,500 in property taxes
plant asset expenditures
A city purchased a vacant lot for $55,000 cash to turn it into a playground. The city assumed $4,500 in property taxes due on the land and paid $4.500 to remove rubbish and debris. Fees for the title were $85. What is the total cost that should be included in the Land account? $64,085$55,000$59,500$59,585 Step by Step Solution
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