Question: On March 1 , 2 0 2 2 , Blossom Corporation acquired real estate, on which is planned to construct a small office building, by
On March Blossom Corporation acquired real estate, on which is 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 a $ legal fee for work concerning the land purchase, a $ architects fee, and $ to put in driveways and a parking lot.determine the amount to be reported as the cost of land.
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