Solved: Cullumber has the land graded for 4100 they paid 25000 for, Accounting Basics

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Cullumber has the land graded for 4100 they paid 25000 for

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?

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Accounting Basics: Cullumber has the land graded for 4100 they paid 25000 for

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Prepared by a verified Expert

Accounting Basics: Cullumber has the land graded for 4100 they paid 25000 for

Reference No:- TGS02356700

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