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The Tasman Company purchased land for $150,000. The cost to demolish the existing building and prepare the land for a new building was $20,000. The

The Tasman Company purchased land for $150,000. The cost to demolish the existing building and prepare the land for a new building was $20,000. The real estate commission paid to buy the land was $9,000. What amount should be recorded in Tasman's accounting records for the cost of the land?

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