The cost of land to be reported in the balance sheet is 326210
EXPLANATION:-
Cost of adjacent lot | 27000 |
Note payable for the adjacent lot | 268000 |
Legal fees | 1910 |
Delinquent taxes | 11100 |
Removal cost | 22600 |
Less: Salvage material | (4400) |
Total cost of land | 326210 |
Show Me How Debermining Cest of Land Festhal Delivery Company acquired en ogacent lot to construct...
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