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February 1, 2018, Salisbury Company purchased land for the future factory location at a cost of $122,000

Accounting

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February 1, 2018, Salisbury Company purchased land for the future factory location at a cost of $122,000.  The dilapidated building that was on the property was demolished so that construction could begin on the new factory building. The new factory was completed on November 1, 2018. Costs incurred during this period were:

Using this information, how much should be recorded as the cost of the land?