What is the cost of the land, based upon the following data?
$\begin{array}{ll}
\$ 178,000 & \text { Land purchase price } \
15,000 & \text { Broker's commission } \
& \text { Payment for the demolition } \
5,000 & \text { and removal of existing building } \
& \text { Cashreceived from the sale of materials } \
2,000 & \text { salvaged from the demolished building }
\end{array}$

Question

What is the cost of the land, based upon the following data?
 $\begin{array}{ll}
\$ 178,000 & \text { Land purchase price } \
15,000 & \text { Broker's commission } \
& \text { Payment for the demolition } \
5,000 & \text { and removal of existing building } \
& \text { Cashreceived from the sale of materials } \
2,000 & \text { salvaged from the demolished building }
\end{array}$

Quizplus · Accepted Answer

The Answer of What is the cost of the land, based upon the following data?
 $\begin{array}{ll}
\$ 178,000 & \text { Land purchase price } \
15,000 & \text { Broker's commission } \
& \text { Payment for the demolition } \
5,000 & \text { and removal of existing building } \
& \text { Cashreceived from the sale of materials } \
2,000 & \text { salvaged from the demolished building }
\end{array}$

What Is the Cost of the Land, Based Upon the Following