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Question
whyte clinic purchases land for $240,000 cash. the clinic assumes $3,000 in property taxes due on the land. the title and attorney fees totaled $2,000. the clinic had the land graded for $4,400. what amount does whyte clinic record as the cost for the land?
a.$244,400
b.$240,000
c.$249,400
d.$245,000
Answer
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