(Answered) Morgan co paid 3984 for a tract of land legal and title

Accounting

Morgan Co. paid $3,984 for a tract of land. Legal and title transfer fees amounted to $302,347. The company also agreed to assume responsibility for unpaid taxes of $5,462. There was a building on the land that cost $10,186 to remove and salvage from the building was sold for $2,791. The amount to be recorded as the cost of the land is: Answer to nearest whole dollar without any commas or decimal points eg. 1000 not 1,000.00 Enter a negative number as -10 not (10).

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