Solution-For what amount should the company record the land

For what amount should the company record the land

Reference no: EM133047583

Question - A company purchased land for $93,000 cash, Commissions of $13,500, property taxes of $14,000, and title insurance of $4,400 were also incurred. The $14,000 in property taxes includes $7,600 in back taxes paid by the company on behalf of the seller and $6,400 due for the current year after the purchase date. For what amount should the company record the land?

Reference no: EM133047583

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For what amount should the company record the land : A company purchased land for $93,000 cash, Commissions of $13,500, property taxes of $14,000, For what amount should the company record the land

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For what amount should the company record the land

Reference no: EM133047583

Reference no: EM133047583

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