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Business, 08.10.2019 16:30 YARETZYVENCES2144
Acompany purchased land for $84,000 cash. real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a new building could start. proceeds from salvage of the demolished building was $1,200. under the historical cost principle, the cost of land would be recorded at $94,800. $84,000. $89,800. $96,000.
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Acompany purchased land for $84,000 cash. real estate brokers' commission was $5,000 and $7,000 was...
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