These expenditures were incurred by Crane Company in purchasing land: cash price $55,240, assumed accrued taxes $4,810, attorney's fees $2,740, real estate broker's commission $3,600, and clearing and grading $4,750. What is the cost of the land? The cost of the land $
These expenditures were incurred by Crane Company in purchasing land: cash price $55,240, assumed accrued taxes $4,810, attorney's fees $2,740, real estate broker's commission $3,600, and clearing and grading $4,750. What is the cost of the land? The cost of the land $
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Transcribed Image Text:These expenditures were incurred by Crane Company in purchasing land: cash price $55,240, assumed accrued taxes $4,810,
attorney's fees $2,740, real estate broker's commission $3,600, and clearing and grading $4,750.
What is the cost of the land?
The cost of the land
$
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