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Mr. T purchased an apartment building on December 15 of the current year Mr. T’s...

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Accounting

Mr. T purchased an apartment building on December 15 of the current year Mr. T’s costs in connection with the purchase where as follows
Cash pay to seller $25,000
Secured notes to seller $55,000
Assumed an existing mortgage on the property $15,000
Sales commission paid to broker 3000
Transfer taxes $600
Paid interest on mortgage from date of purchase to end of December 100 $
What is the amount of Mr. T‘s basis in the building?

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