Determine the acquisition cost of the land

Reference no: EM131067412

Orange & Blue Inc., incurred the following expenditures when purchasing land: $46,400 purchase price; $4,700 in taxes; $2,090 of sales commissions; and $12,100 for clearing and grading, of which $7,000 was for removing an old building. Required: Determine the acquisition cost of the land.

Reference no: EM131067412

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