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What is the amount that BuildCo will record acquisition cost

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Question - BuildCo acquires land for $187,000 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

Required - What is the amount that BuildCo will record the acquisition cost of the land as?

Reference no: EM132618903

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