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These expenditures were incurred by lvanhoe Company in purchasing land: cash price $58,210, assumed accrued taxes $5,500, attorney's fees $2,190, real estate broker's commission $3,170,

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These expenditures were incurred by lvanhoe Company in purchasing land: cash price $58,210, assumed accrued taxes $5,500, attorney's fees $2,190, real estate broker's commission $3,170, and clearing and grading $4,170. What is the cost of the land? Cost of the land $

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