Determine the cost of the land, based on the following data. $\begin{array}{lr}
\text {Land purchase price }&\$90,000\
\text { Broker's commission}&7,500\
\text {Payment for the demolition and removal of existing building }&2,500\
\text {Cash received from the sale of materials salvaged from the demolished buil ding }&500\
\end{array}$

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The Answer of Determine the cost of the land, based on the following data. $\begin{array}{lr}
\text {Land purchase price }&\$90,000\
\text { Broker's commission}&7,500\
\text {Payment for the demolition and removal of existing building }&2,500\
\text {Cash received from the sale of materials salvaged from the demolished buil ding }&500\
\end{array}$

Determine the Cost of the Land, Based on the Following