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Find what amount that buildco will record acquisition cost

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Reference no: EM132537267

BuildCo acquires land for $185,000 cash. Additional costs are as follows.

Removal of old hanger $ 2,200

Filling and grading to flatten land for building 3,500

Salvage value of lumber of hanger 1,200

Broker commission 1,130

Road improvement 25,000

Closing costs 560

Question 1: What is the amount that BuildCo will record the acquisition cost of the land as?

Reference no: EM132537267

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