question archive Gagner Clinic purchases land for $130,000 cash
Gagner Clinic purchases land for $130,000 cash
Subject:AccountingPrice: Bought3
Gagner Clinic purchases land for $130,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Gagner Clinic record as the cost for the land?
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$134,700 |
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$132,500 |
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$132,200 |
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$130,000 |
