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Cullumber Clinic purchases land for $510000 cash. The clinic assumes $5200 in property taxes due...

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Accounting

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Cullumber Clinic purchases land for $510000 cash. The clinic assumes $5200 in property taxes due on the land. The title and attorney fees totaled $3000. The clinic had the land graded for $6700. What amount does Cullumber Clinic record as the cost for the land? $510000 $516700. $524900. $518200

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