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What is the cost of the land, based upon the following data? Land purchase price $178,000 Broker's commission 15,000 Payment for the demolition and removal

What is the cost of the land, based upon the following data?

Land purchase price $178,000

Broker's commission 15,000

Payment for the demolition and removal of existing building 5,000

Cash received from the sale of materials salvaged from the demolished building 2,000

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