Gagner clinic purchases land for 150000 cash the clinic, Ask an Expert

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Gagner Clinic purchases land for $150,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Gagner Clinic record as the cost for the land?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9984530

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