Land is purchased for 62500 back taxes paid by the


Problem

Land is purchased for $62,500. Back taxes paid by the purchaser were $7,500; total costs to demolish an existing building were $11,000; fencing costs were $12,500; and lighting costs were $1,500. What is the cost of the land?

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Accounting Basics: Land is purchased for 62500 back taxes paid by the
Reference No:- TGS02695840

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