Mathematics, 23.11.2021 20:50, Elenegoggg

Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price$ 182,000 Real estate commissions15,700 Legal fees1,500 Expenses of clearing the land2,700 Expenses to remove old building1,700 What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?

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Merchant Company purchased property for a building site. The costs associated with the property were...