A company purchased land for $84,000 cash. real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a new building could start. proceeds from salvage of the demolished building was $1,200. under the historical cost principle, the cost of land would be recorded at $94,800. $84,000. $89,800. $96,000.
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company purchased land for $84,000 cash. real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » A company purchased land for $84,000 cash. real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a new building could start.