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Business, 13.11.2020 16:50 DESI111609

A company paid 150,000, plus a 7% commission and $5000 in closing costs for a property. The property included land appraised at $87,500, land improvements appraised at $35000 and a building appraised at $52500.What should be the allocation of this property costs in the company's accounting records?

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A company paid 150,000, plus a 7% commission and $5000 in closing costs for a property. The property...
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