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What amount does cullumber record as the cost for the land

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Cullumber Company purchases land for $185000 cash. Cullumber assumes $5200 in property taxes due on the land. The title and attorney fees totaled $3100. Cullumber has the land graded for $4100. They paid $25000 for paving of a parking lot. What amount does Cullumber record as the cost for the land?

Reference no: EM131561154

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