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What amount should be recorded as the cost of the land

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Question - Bachman, Inc. plans to develop a shopping center. In the first quarter, the following amounts were incurred:

Acquisition of land $21,000

Surveys and legal fees 900

Land clearing 400

Fencing 2,000

Install lighting and signage 860

Required - What amount should be recorded as the cost of the land in the corporation's books?

Reference no: EM133115630

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