Question 6 of 30 < > View Policies -/3.5 Current Attempt in Progress A company purchased land for $90600 cash. Real estate brokers' commission was $5800 and $8400 was spent for demolishing an old building on the land before construction of a new building could start. Under the historical cost principle, the cost of land would be recorded at $110600. $104800. $90600. $84000. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer