Question
Purchase Price: 7,000,000 Demolition of Old Building: 500,000 Proceeds from sale of salvage value: 60,000 Title guarantee insurance: 110,000 Legal Fees for purchase contract and
Purchase Price: 7,000,000
Demolition of Old Building: 500,000
Proceeds from sale of salvage value: 60,000
Title guarantee insurance: 110,000
Legal Fees for purchase contract and recording ownership: 300,000
Payment of delinquent property taxes: 45,000
How much is the cost of the land?
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Financial Accounting Text Only
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
5th Edition
0006575404, 978-0006575405
