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A company purchased land for HK$80,000 cash. Real estate brokers' comr was HK$5,000 and HK$7,000...

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Accounting

A company purchased land for HK$80,000 cash. Real estate brokers' comr was HK$5,000 and HK$7,000 was spent to demolish an old building on the before construction of a new building could start. The cost recorded for thSelect one:
a. HK$92,000.
b. HK$80,000.
C. HK$87,000.
d. HK$85,000.Next

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