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These expenditures were incurred by Crane Company in purchasing land: cash price $55,240, assumed accrued taxes $4.810, attormey's fees $2,740, reat estate brofer's commission $3,600,

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These expenditures were incurred by Crane Company in purchasing land: cash price $55,240, assumed accrued taxes $4.810, attormey's fees $2,740, reat estate brofer's commission $3,600, and clearing and grading $4,750 What is the cost of the land? The cost of the land

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