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Fresh Veggies, Incorporated (FVI), purchases land and a warehouse for $490,000. In addition to the...

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Accounting

Fresh Veggies, Incorporated (FVI), purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes the following expenditures related to the acquisition: broker's commission, $29,000; title insurance, $1,900; and miscellaneous closing costs, $6,000. The warehouse is immediately demolished at a cost of $29,000 in anticipation of building a new warehouse.
Determine the total the cost of the land.
\table[[,],[,],[,],[,],[Total cost of the land,]]
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