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

Question Mode
Multiple Choice Question
PT Co. purchased land and an existing building for $200,000. In addition, PT paid real estate commissions of $15,000. PT removed the unwanted building and graded the land for a total cost of $35,000. PT should record the cost of the land at:
Multiple choice question.
$200,000
$215,000
$250,000
$235,000

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