These expenditures were incurred by Cheyenne Corp. in purchasing land: cash price $78,000, assumed accrued taxes $3,700, attorney's fees $2,400, real estate broker's commission $1,800, and clearing and grading $5,500. What is the cost of the land? Cost of the land $

These expenditures were incurred by Cheyenne Corp. in purchasing land: cash price $78,000, assumed accrued taxes $3,700, attorney's fees $2,400, real estate broker's commission $1,800, and clearing and grading $5,500. What is the cost of the land? Cost of the land $

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.1MBA

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These expenditures were incurred by Cheyenne Corp. in purchasing land: cash price $78,000, assumed accrued taxes $3,700,
attorney's fees $2,400, real estate broker's commission $1,800, and clearing and grading $5,500. What is the cost of the land?
Cost of the land
$

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