Answer:
Cost of the land = $980,480 (B)
Cost of Building = $ 3,014,240 (D)
Explanation:
Cost of the Land : $
Cost of factory site 900,000
Cost of dismantling the building 80,000
Proceeds from salvage sold (5,400)
Title Insurance Cost 2400
Legal fees for title investigation <u> 3,480 </u>
<u>980,480</u>
Cost of the Building :
Payment to Contractor 2,800,000
Architect's fee 31,200
Liability Insurance cost 2,600
Excavation cost 10,440
Interest cost <u>170,000 </u>
<u>3,014,240</u>