These expenditures were incurred by Sunway Ltd in purchasing land: cash price $ 80 000; accrued taxes $ 7 000; solicitor's fees $ 5 000; real estate agent's commission $ 3 000; and clearing and grading $ 3 500. What is the cost of the land? $
Answer by JKRB
All amounts listed would be included in the cost of the land.
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Orignal From: Accounting Wiley Plus Question!?
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