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Determine the cost of land

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Question - A company purchased land for RM94,000 cash. The real estate brokers' commission was RM5,000 and RM7,000 was spent for demolishing an old building on the land before construction of a new building could start. Proceeds from salvage of the demolished building were RM1,200. Under the historical cost principle, determine the cost of land?

Reference no: EM133095264

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