Sanchez company acquires land for 65000 cash. additional, Ask an Expert

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Sanchez Company acquires land for $65,000 cash. Additional costs are as follows:

Removal of shed $ 500
Filling and grading 1,500
Salvage value of lumber of shed 320
Broker commission 1,130
Paving of parking lot 10,000
Closing costs 850

what Sanchez will record the acquisition cost of the land ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991925

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