Business, 07.04.2020 20:07 jenn8055

Cost of a Fixed Asset Borges Inc. recently purchased land to use for the construction of its new manufacturing facility and incurred the following costs: purchase price, $125,000; real estate commissions, $9,500; delinquent property taxes, $1,800; closing costs, $3,500; clearing and grading of the land, $12,800. Required: Determine the cost of the land.

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Cost of a Fixed Asset Borges Inc. recently purchased land to use for the construction of its new man...

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