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Determine the cost of the land

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Reference no: EM132710018

Question - Cost of a Fixed Asset - Borges Inc. recently purchased land to use for the construction of its new manufacturing facility and incurred the following costs: purchase price, $83,000; real estate commissions, $4,800; delinquent property taxes, $1,500; closing costs, $3,300; clearing and grading of the land, $8,100. Determine the cost of the land.

Reference no: EM132710018

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