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Business, 30.10.2019 02:31 sierransha08

Fresh veggies, inc. (fvi), purchases land and a warehouse for $550,000. in addition to the purchase price, fvi makes the following expenditures related to the acquisition: broker's commission, $35,000; title insurance, $2,500; and miscellaneous closing costs, $7,000. the warehouse is immediately demolished at a cost of $35,000 in anticipation of building a new warehouse. determine the amount fvi should record as the cost of the land.

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Fresh veggies, inc. (fvi), purchases land and a warehouse for $550,000. in addition to the purchase...
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