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Business, 03.05.2021 14:50 faithyholcomb

A company purchased land for $82,000 cash. Commissions of $8,000, property taxes of $8,500, and title insurance of $2,200 were also incurred. The $8,500 in property taxes includes $5,400 in back taxes paid by the company on behalf of the seller and $3,100 due for the current year after the purchase date. For what amount should the company record the land

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A company purchased land for $82,000 cash. Commissions of $8,000, property taxes of $8,500, and titl...
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