Multiple Choice
A plot of land was purchased for $120,000 which had $10,000 of past due property taxes on it.Sales taxes on the purchase were $1,400 and the title search cost $500.The capitalized cost of the land was:
A) $120,000
B) $121,900
C) $130,000
D) $131,900
Correct Answer:
Verified
Correct Answer:
Verified
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