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On December 1,2025, Bramble Corp. purchased a tract of land as a factory site for...

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Accounting

On December 1,2025, Bramble Corp. purchased a tract of land as a factory site for $805000. The old building on the property was razed, and salvaged materials resulting from demolition were sold. Additional costs incurred and salvage proceeds realized during December 2025 were as follows:
\table[[Cost to raze old building,$76000
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