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Crane Company purchases land for $175000 cash. Crane assumes $4800 in property taxes due on...

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Accounting

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Crane Company purchases land for $175000 cash. Crane assumes $4800 in property taxes due on the land. The title and attorney fees totaled $1600. Crane has the land graded for $4200. They paid $15000 for paving of a parking lot. What amount does Crane record as the cost for the land? O $180800. O $175000. O $200600. O $185600

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