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Business, 15.04.2020 00:56 montgomerykarloxc24x
The Open Grill incurred the following costs in acquiring a new piece of land:Cost of the land $ 80,000. Commissions 4,800.Liability insurance for the first year 1,200. Cost of removing existing building 20,000. Sale of salvaged materials(4,000). Total costs $102,000.
What is the total recorded cost of the land?
A. $102,000.
B. $100,800.
C. $106,000.
D. $80,000.
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Answers: 2
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The Open Grill incurred the following costs in acquiring a new piece of land:Cost of the land $ 80,0...
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