On December 1 . 2 0 2 5 , Bramble Corp. purchased a tract of land as
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On December Bramble Corp. purchased a tract of land as a factory site for $ The old building on the property was razed, and salvaged materials resulting from demolition were sold. Additional costs incurred and salvage proceeds realized during December were as follows:Cost to raze old building$Legal fees for purchase contract and to record ownershipTitle guarantee insuranceProceeds from sale of salvaged materialsIn Bramble's December balance sheet, what amount should be reported as land?
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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