Five Hundred Hectares of Land Are Purchased for $120,000

question 35

Multiple Choice

Five hundred hectares of land are purchased for $120,000. Additional costs include $5,000 real estate commission, $10,000 for removal of an old building, $6,000 for paving, and $800 delinquent property taxes. What is the cost of the land?

• A)$141,800
• B)$141,000
• C)$135,000
• D)$135,800

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Definitions:

Internet of Things

An interconnected system of tangible items equipped with monitoring devices, computer programs, and various technologies designed to communicate and share information with other gadgets and systems via the web.

IoT

Internet of Things, a network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, and connectivity, enabling these objects to connect and exchange data.

Dematerialization

The process of reducing the use of physical resources in the production and consumption of goods and services, often through digital means.

Downsides

The negative aspects or disadvantages of a decision, action, or situation.