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a company purchased land for $88,000 cash. commissions of $11,000, property taxes of $11,500, and title insurance of $3,400 were also incurred. the $11,500 in property taxes includes $6,600 in back taxes paid by the company on behalf of the seller and $4,900 due for the current year after the purchase date. for what amount should the company record the land?

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The amount that the company should record the land, given the purchase price, and other costs, is $109, 000.

How to find the amount to record land?

Land is a fixed asset to a company. This means that the amount the land would be recorded at would need to include the costs that were involved in acquiring the land and getting it ready for use.

The amount the land is recorded at is:

= Purchase price + Commission + Property tax for seller + Title insurance

= 88, 000 + 11, 000 + 6, 600 + 3, 400

= $109, 000

Find out more on recording land at https://brainly.com/question/16227049

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