Question: Multiple Choice Question PT Co . purchased land and an existing building for $ 2 0 0 , 0 0 0 . In addition, PT

Multiple Choice Question
PT Co. purchased land and an existing building for $200,000. In addition, PT paid closing costs of $15,000. PT removed the building and regraded the land for a total cost of $35,000. PT should record the cost of the land for:
$250,000
$235,000
$200,000
$215,000
Multiple Choice Question PT Co. purchased land and an existing building

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