the following expeditures were incurred by Obermeyer company in purchasing land : cash price $70,000, accured taxes $3,000, attorneys' fee $2500, real estate broker's commission $2000, and clearing and grading $3500. what is the cost of the lamnd?

College Accounting, Chapters 1-27
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Chapter18: Accounting For Long-term Assets
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the following expeditures were incurred by Obermeyer company in purchasing land : cash price $70,000, accured taxes $3,000, attorneys' fee $2500, real estate broker's commission $2000, and clearing and grading $3500. what is the cost of the lamnd?

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