A cormpany purchased land for $80,000 cash. Real estate brokers' comnmission was $5,000 and $10,000 was spent for demolishing an old building on the land before construction of a new building could...

Extracted text: A cormpany purchased land for $80,000 cash. Real estate brokers' comnmission was $5,000 and $10,000 was spent for demolishing an old building on the land before construction of a new building could start. Under the cost concept, the cost of land would be recorded at O $90,000 O $80,000 O $95,000 $85,000 DELL TEBCO