Rwanda Corporation purchased land at a cost of $ 100,000. Closing costs were $ 3,800, plus Rwanda

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Rwanda Corporation purchased land at a cost of $ 100,000. Closing costs were $ 3,800, plus Rwanda paid $ 48,000 for site preparation so they could construct a building on the site. (4 Marks)

Instructions Calculate the amount that should be recorded as the cost of the land.

Related Book For answer-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: Mar 20, 2023 03:09 AM

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Rwanda Corporation purchased land at a cost of $ 100,000. Closing costs were $ 3,800, plus Rwanda

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To calculate the cost of the land we need to add the purchase pric... View the full answer

Intermediate Accounting Reporting and Analysis

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