Multiple Choice
Burke Company purchases land for $180,000 cash.Burke assumes $5,000 in property taxes due on the land.The title and attorney fees totaled $2,000.Burke has the land graded for $4,400.They paid $20,000 for paving of a parking lot.What amount does Burke record as the cost for the land?
A) $186,400
B) $211,400
C) $191,400
D) $180,000
Correct Answer:
Verified
Correct Answer:
Verified
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