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Sheridan Company acquires land for $81000 cash. Additional costs are as follows. Removal of shed $500 Filling and grading 1900 Salvage value of lumber of

Sheridan Company acquires land for $81000 cash. Additional costs are as follows. Removal of shed $500 Filling and grading 1900 Salvage value of lumber of shed 110 Broker commission 1250 Paving of parking lot 10000 Closing costs 460

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