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Business, 30.03.2020 19:17 BilliePaul95

Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price$185,000 Real estate commissions 15,000 Legal fees 700 Expenses of clearing the land 2,000 Expenses to remove old building 4,000 What portion of these costs should be allocated to the cost of the land?

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Merchant Company purchased property for a building site. The costs associated with the property were...
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