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These expenditures were incurred by Oriole Ltd. in purchasing land: cash price $477,700; legal fees $8,970; removal of old building $23,410; cost of clearing and

These expenditures were incurred by Oriole Ltd. in purchasing land: cash price $477,700; legal fees $8,970; removal of old building $23,410; cost of clearing and grading $6,640; installation of fence $2,890. What is the cost of the land?

Cost of the land

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