Business, 12.03.2021 20:40 hannah2757

A company purchased land for $91,000 cash. Commissions of $12,500, property taxes of $13,000, and title insurance of $4,000 were also incurred. The $13,000 in property taxes includes $7,200 in back taxes paid by the company on behalf of the seller and $5,800 due for the current year after the purchase date. For what amount should the company record the land

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A company purchased land for $91,000 cash. Commissions of $12,500, property taxes of $13,000, and ti...

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