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A company paid $135,000, plus a 8% commission and $5,500 in closing costs for a...

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Accounting

A company paid $135,000, plus a 8% commission and $5,500 in closing costs for a property. The property included land appraised at $92,500, land improvements appraised at $37,000, and a building appraised at $55,500. What should be the allocation of this property's costs in the company's accounting records?

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