Current Attempt in Progress

A company purchased land for $$80400$ cash. The real estate broker's commission was $$3200$ and $$5200$ was spent for demolishing an old building on the land before construction of a new building could start. Salvaged proceeds from the demolished building were $$1900.$ Under the historical cost principle, the cost of land is

$$86900.$

$$88800.$

$$80400.$

$$83700.$

Attempts: $0$ of $1$ used