View Policies Current Attempt in Progress A company purchased land for $90900 cash. Real estate brokers' commission was $5700 and $7000 was spent for demolishing an old building on the land before construction of a new building could start. Under the historical cost principle, the cost of land would be recorded at $78200. O $109300. O $90900. O $103600. Save for Later Attempts: 0 of 1 used Submit Answer