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Wildhorse Realty Corporation purchased a tract of unimproved land for $121,000. This land was improved and subdivided into building lots at an additional cost of $75,812. These building lots were all of the same size but owing to differences in location w

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Wildhorse Realty Corporation purchased a tract of unimproved land for $121,000. This land was improved and subdivided into building lots at an additional cost of $75,812. These building lots were all of the same size but owing to differences in location w
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