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What is the cost of the land, based upon the following data? Land purchase price $174,891 Broker's commission 15,121 Payment for the demolition and removal
What is the cost of the land, based upon the following data?
| Land purchase price | $174,891 |
| Broker's commission | 15,121 |
| Payment for the demolition and removal of existing building | 4,710 |
| Cash received from the sale of materials salvaged from the demolished building | 2,951 |
Final answer: $
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
