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Suppose that Oriole acquires land for $85000 cash. Additional costs are as follows. Removal of shed $200 Filling and grading 1900 Salvage value of lumber

Suppose that Oriole acquires land for $85000 cash. Additional costs are as follows.

Removal of shed $200
Filling and grading 1900
Salvage value of lumber of shed 200
Broker commission 1120
Paving of parking lot 15000
Closing costs 460

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