Oyster Industries buys land for $180,000. Oyster pays $5,000 in back property taxes and title and attorney fees equalling $2,000. It costs $4,400 to have the land graded. Then they paid $20,000 for paving of a parking lot. What amount does Oyster record as the cost of the land?

Answer rating: 100% (QA)

The cost of the land for Oyster Industries is 180000 not inc... View the full answer