On January 1, 2020, Marin Corporation purchased for $690,000 a tract of land (site number 101) with
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On January 1, 2020, Marin Corporation purchased for $690,000 a tract of land (site number 101) with a building. Marin paid a real estate broker's commission of $49,680, legal fees of $8,280, and title guarantee insurance of $24,840. The closing statement indicated that the land value was $690,000and the building value was $138,000. Shortly after acquisition, the building was razed at a cost of $74,520.
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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