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Question 8 of 12 +/1 View Policies Current Attempt in Progress On March 1, 2019, Oriole Company acquired real estate on which it planned to
Question 8 of 12 +/1 View Policies Current Attempt in Progress On March 1, 2019, Oriole Company acquired real estate on which it planned to construct a small office building. The company paid $92,000 in cash. An old warehouse on the property was razed at a cost of $8,400; the salvaged materials were sold for $2,500. Additional expenditures before construction began included $1,100 attorney's fee for work concerning the land purchase, $5,800 real estate broker's fee, $7,000 architect's fee, and $14,400 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit
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