A company purchased land on which to construct a new building for a cost of $350,000. Additional costs incurred were: What total dollar amount should be charged to Land and what amount should be charged to Building or other accounts?

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A company purchased land on which to construct a new building for a cost of $350,000. Additional costs incurred were:  What total dollar amount should be charged to Land and what amount should be charged to Building or other accounts?

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The Answer of A company purchased land on which to construct a new building for a cost of $350,000. Additional costs incurred were:  What total dollar amount should be charged to Land and what amount should be charged to Building or other accounts?

A Company Purchased Land on Which to Construct a New