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What is the cost of land based upon the land purchase price

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Reference no: EM132658282

Problem 1: What is the cost of the land, based upon the following data?

Land purchase price $195,749

Broker's commission 15,522

Payment for the demolition and removal of existing building 4,487

Cash received from the sale of materials salvaged from the demolished building 1,344

Reference no: EM132658282

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