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Business, 19.10.2019 02:30 PrincessIndia

On march 1, 2017, boyd company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash. an old warehouse on the property was demolished at a cost of $8,200; the salvaged materials were sold for $1,700. additional expenditures before construction began included $1,900 attorney’s fee for work concerning the land purchase, $5,200 real estate broker’s fee, $9,100 architect’s fee, and $14,000 to put in driveways and a parking lot.

(b) for each cost not used in determining the amount to be reported as the cost of the land, indicate the account to be debited below?

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On march 1, 2017, boyd company acquired real estate, on which it planned to construct a small office...
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