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Question
givens retail purchased land for a new parking lot for $50,000. the paving cost $70,000 and the lights to illuminate the new parking area cost $24,000. which of the following statements is true with respect to these additions?
a.$120,000 should be debited to the land account
b.$94,000 should be debited to land improvements
c.$144,000 should be debited to the land account
d.$144,000 should be debited to land improvements
Answer
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