Business
Business, 03.02.2020 22:48, xXCoryxKenshinXx

Fresh veggies, inc. (fvi), purchases land and a warehouse for $400,000. in addition to the purchase price, fvi makes the following expenditures related to the acquisition: broker's commission, $20,000; title insurance, $1,000; and miscellaneous closing costs, $4,000. the warehouse is immediately demolished at a cost of $20,000 in anticipation of building a new warehouse. determine the amount fvi should record as the cost of the land.

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Fresh veggies, inc. (fvi), purchases land and a warehouse for $400,000. in addition to the purchase...

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