Multiple Choice
A company purchased land for $120,000 cash; $7,000 was spent to demolish an old building on the land before construction of a new building could start; and $1,500 was received for material salvaged from the old building.The cost of the land would be recorded at
A) $120,000.
B) $125,500.
C) $127,000.
D) $128,500.
Correct Answer:
Verified
Correct Answer:
Verified
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