Vijay Inc. purchased a three-acre tract of land for a building site for $390,000. On...
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Vijay Inc. purchased a threeacre tract of land for a building site for $ On the land was a building with an appraised value of $ The company demolished the old building at a cost of $ but was able to sell scrap from the building for $ The cost of title insurance was $ and attorney fees for reviewing the contract were $ Property taxes paid were $ of which $ covered the period subsequent to the purchase date. The capitalized cost of the land is: Multiple Choice $ $ $ $ 
Vijay Inc. purchased a threeacre tract of land for a building site for $ On the land was a building with an appraised value of $ The company demolished the old building at a cost of $ but was able to sell scrap from the building for $ The cost of title insurance was $ and attorney fees for reviewing the contract were $ Property taxes paid were $ of which $ covered the period subsequent to the purchase date. The capitalized cost of the land is:
Multiple Choice
$
$
$
$
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