Coronado Company purchased land for $80,000. The company also paid $12,000 in accrued taxes on the property,
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Coronado Company purchased land for $80,000. The company also paid $12,000 in accrued taxes on the property, incurred $5,000 to remove an old building, and received $2,000 from the salvage of the old building. At what amount will the land be recorded in the accounting records?rn
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