Business, 31.12.2019 05:31 alexcuevaz90

On july 1, 2018, larkin co. purchased a $400,000 tract of land that is intended to be the site of a new office complex. larkin incurred additional costs and realized salvage proceeds during 2018 as follows: demolition of existing building on site $75,000legal and other fees to close escrow 12,000proceeds from sale of demolition scrap 10,000what would be the balance in the land account as of december 31, 2018? a. $400,000.b. $475,000.c. $477,000.d. $487,000

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On july 1, 2018, larkin co. purchased a $400,000 tract of land that is intended to be the site of a...

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