Answers
Answer:
Option c) is correct. i.e S 319,000.
Amount($) | |
purchase price of land | 2,90,000 |
survey fees | 6,000 |
payment for demolition of old building on land | 20,000 |
back property taxes | 3,000 |
cost of the land | 3,19,000 |
Remaining costs do not form part of cost of land. |
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