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What is the companys cost of this land

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Read short exercise S9-1 located in Chapter 9 of the Accounting text. Post your response and interactions with your classmates. suppose smart touch needs property and purchases land for $50,000 with a note payable for the same amount. smart touch also pays cash as follows:$4,000 with a property taxes in arrears, $2,000 in transfer taxes, $5000 to remove an old building and a $1,000 survey fee, what is the company's cost of this land.

Reference no: EM13503279

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