Solution-Calculate the amount that should be recorded

Calculate the amount that should be recorded

Reference no: EM132594154

Question - Gabon Corporation purchased land at a cost of $100,000. Closing costs were $3,800, plus Gabon paid $48,000 for site preparation so they could construct a building on the site.

Instructions - Calculate the amount that should be recorded as the cost of the land.

Reference no: EM132594154

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Calculate the amount that should be recorded

Reference no: EM132594154

Reference no: EM132594154

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