Current Attempt in Progress These expenditures were incurred by Crane Ltd. in purchasing land: cash price $450,700; legal fees $8,710; removal of old building $26,980; cost of clearing and grading $6,560; installation of fence $3,040. What is the cost of the land? Cost of the land $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Current Attempt in Progress
These expenditures were incurred by Crane Ltd. in purchasing land: cash price $450,700; legal fees $8,710; removal of old building
$26,980; cost of clearing and grading $6,560; installation of fence $3,040. What is the cost of the land?
Cost of the land
Transcribed Image Text:Current Attempt in Progress These expenditures were incurred by Crane Ltd. in purchasing land: cash price $450,700; legal fees $8,710; removal of old building $26,980; cost of clearing and grading $6,560; installation of fence $3,040. What is the cost of the land? Cost of the land
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