Business
Business, 10.04.2020 15:44, asorrell5075

A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Purchase price of the land $ 510,000 Sale of salvaged parts already on land $ 21,000 Demolition of the old building $ 22,000 Ground-breaking ceremony (food and supplies) $ 1,600 Land preparation and leveling $ 7,800 What amount should be recorded for the purchase of the land

a.$647,000.
b.$627,000.
c.$649,800.
d.$629,800.

answer
Answers: 3

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A company incurred the following costs associated with the purchase of a piece of land that it will...

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