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Business, 19.02.2021 02:20 sandywarren8789

A company purchased land for $95,000 cash. Commissions of $14,500, property taxes of $15,000, and title insurance of $4,800 were also incurred. The $15,000 in property taxes includes $8,000 in back taxes paid by the company on behalf of the seller and $7,000 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 $95,000 cash. Commissions of $14,500, property taxes of $15,000, and ti...
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