Question: ( NEED FAST ) On March 1 , 2 0 2 5 , Blossom Company acquired real estate, on which it planned to construct a
NEED FAST On March Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $in cash. An old warehouse on the property was demolished at a cost of $; the salvaged materials were sold for $ Additional expenditures before construction began included $attorneys fee for work concerning the land purchase, $real estate brokers fee, $architects fee, and $to put in driveways and a parking lot.
a Determine the amount to be reported as the cost of the land.
Cost of the land
$enter the cost of the land in dollars
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