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anastassius [24]
3 years ago
7

assey Corporation purchased a piece of land for $50,000. Massey paid attorney's fees of $5,000 and brokers' commissions of $4,00

0 in connection with the purchase. An old building on the land was torn down at a cost of $2,000, and proceeds from the scrap were $500. How much is the total cost of the land
Business
1 answer:
aleksley [76]3 years ago
3 0

Answer:

$60,500

Explanation:

The cost of the land to be recorded consist of the cost of the land itself and other associated cost with the purchase.

The amount realized as income in the process is deducted from the cost.

Cost of land

= $50,000 + $5,000 + $4,000 + $2,000 - $500

= $60,500

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What is a value that can be used to ensure that hashed plaintext will not consistently result in the same digest?
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