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Vaughn Clinic purchases land for $176300 cash. The clinic assumes $1700 in property taxes due...

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Accounting

Vaughn Clinic purchases land for $176300 cash. The clinic assumes $1700 in property taxes due on the land. The title and attorney fees totaled $1100. The clinic has the land graded for $1700. What amount does Vaughn Clinic record as the cost for the land?

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