Cowboy Development incurred the following costs associated with the purchase of land that it will use to
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Cowboy Development incurred the following costs associated with the purchase of land that it will use to redevelop an office building:
land sale price | $400,000 |
Sale of spare parts already on land | $20,000 |
Demolition of the old building. | $30,000 |
Opening ceremony (food and supplies) | $1,500 |
Land preparation and leveling | $7,500 |
What amount should be registered for the purchase of the land?
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