Hull Company acquires land for $86,000 cash. Additional costs are as follows: Removal of...
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Accounting
Hull Company acquires land for $86,000 cash. Additional costs are as follows:
Removal of shed $ 300 Filling and grading 1,500 Salvage value of lumber of shed 120 Broker commission 1,130 Paving of parking lot 10,000 Closing costs 560
Hull will record the acquisition cost of the land as
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