Make a balance sheet: Based on the following data, determine the cost of the land...
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Accounting
Make a balance sheet:
Based on the following data, determine the cost of the land to be reported on the balance sheet.
Land purchase price $138,000
Broker's commission 10,000
Payment for the demolition and removal of existing building 4,000
Cash received from sale of materials salvaged from demolished building 1,500
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