What Is the Cost of the Land, Based Upon the Following

question 139

Essay

What is the cost of the land, based upon the following data?
$\begin{array}{lr}\text { Land purchase price } & \$ 178,000 \\\text { Broker's commission } & 15,000 \\\text { Payment for the demolition } & \\\text { and removal of existing building } & 5,000\\\text { Cash received from the sale of materials }\\\text { salvaged from the demolished building }&2,000\end{array}$

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Definitions:

Physical World

The physical world refers to all of the planets, stars, galaxies, and all matter and energy that exists in the universe, as well as all the physical and natural laws that govern them.

Normal Accident

A theory suggesting that complex systems such as nuclear power plants are inherently susceptible to failures, no matter how well they are managed.

Risk Society

A society increasingly preoccupied with the future and also with safety, addressing and managing risks that modernity itself has produced.

Technopoly

A society which is overly dependent on technology, leading to potential negative effects on culture, society, and human well-being.