What is the cost of the land Assignment Help Accounting Basics Reference no: EM13512350 These expenditures were incurred by Patnode Company in purchasing land: cash…

What is the cost of the land

Assignment Help Accounting Basics

Reference no: EM13512350

These
expenditures were incurred by Patnode Company in purchasing land: cash
price $60,000; accrued taxes $5,000; attorney”s fees $2,100; real estate
broker”s commission $3,300; and clearing and grading $3,500. What is
the cost of the land?
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