Multiple Choice
The Tasman Company purchased land for $150,000.The cost to demolish the existing building and prepare the land for a new building was $20,000.The real estate commission paid to buy the land was $9,000.What amount should be recorded in Tasman's accounting records for the cost of the land?
A) $179,000
B) $150,000
C) $159,000
D) $170,000
Correct Answer:
Verified
Correct Answer:
Verified
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