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Question(s) / Instruction(s):

                    Rodriguez Company made the following payments related to a land acquisition:

 

 

Purchase price

$6,000

Past due taxes

500

Title search

150

Cost of razing old building

300

   

Proceeds from salvage of old building

85

 

 

The recorded cost of the land should be

Answer

 

$6,450

 

$6,585

 

$6,745

 

$6,885

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