Question

Borges Inc. recently purchased land to use for the construction of its new manufacturing facility and incurred the following costs: purchase price, $85,000; real estate commissions, $5,100; delinquent property taxes, $1,500; closing costs, $3,500 clearing and grading of the land, $8,100.

Required:
Determine the cost of the land.


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  • CreatedSeptember 22, 2015
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