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Harmon Medical Ltd

Question 127

Multiple Choice

Harmon Medical Ltd.purchases land for $290,500 cash.The title and legal fees totalled $1,500.The clinic has the land graded for $25,000.What amount does Harmon Medical record as the cost for the land?


A) $290,500
B) $292,000
C) $315,500
D) $317,000

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