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Find what is the cost of land that pearl company will record

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Reference no: EM132751759

Pearl Company Ltd acquires land for $77,000 cash. Additional costs are as follows.

Removal of shed $300

Filling and grading $1,500

Salvage value of lumber of shed $120

Broker commission $1,130

Paving of parking lot $10,000

Closing costs $560

Required:

Problem 1: What is the cost of the land that Pearl Company will record

Reference no: EM132751759

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