$200,000, Assume In-N-Out Burger acquired a tract of land for a restaurant site. It paid attorneys$7,500 to conduct a title search and to prepare the required legal documents for the purchase.State...

$200,000, Assume In-N-Out Burger acquired a tract of land for a restaurant site. It paid attorneys$7,500 to conduct a title search and to prepare the required legal documents for the purchase.State real estate transfer taxes totaled $2,500. Building permits totaled $1,200. Computethe acquisition cost of the land.