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These expenditures were incurred by Carla Vista Ltd. in purchasing land: cash price $413,800; legal fees $7,800; removal of old building $27,020; cost of clearing
These expenditures were incurred by Carla Vista Ltd. in purchasing land: cash price $413,800; legal fees $7,800; removal of old building $27,020; cost of clearing and grading $6,950; installation of fence $2,930. What is the cost of the land?
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