Gagner clinic purchases land for 150000 cash the clinic

Reference no: EM13606953

Gagner Clinic purchases land for $150,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Gagner Clinic record as the cost for the land?

Reference no: EM13606953

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