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Question 5 View Policies Current Attempt in Progress On March 1, 2022, Ivanhoe Company acquired real estate, on which it planned to construct a small
Question 5 View Policies Current Attempt in Progress On March 1, 2022, Ivanhoe Company acquired real estate, on which it planned to construct a small office building by paying $76.500 in cash An old warehouse on the property was demolished at a cost of $7.500, the salvaged materials were sold for $1.560. Additional expenditures before construction becan included $1.000 attorney's fee for work concerning the land purchase. $4,150 real estate broker's fee $8.560 architect's fee, and 513.300 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land Cost of lands
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