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PROBLEM What is the cost of the land, based upon the following data? Land purchase price Broker's commission Payment for the demolition and removal of

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PROBLEM What is the cost of the land, based upon the following data? Land purchase price Broker's commission Payment for the demolition and removal of existing building Cash received from the sale of materials salvaged from the demolished building 1. $175,000 15,000 5,000 1,000 ANS

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