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--/1 Question 25 View Policies Current Attempt in Progress On February 1, 2020, Vaughn Manufacturing purchased a parcel of land as a factory site for
--/1 Question 25 View Policies Current Attempt in Progress On February 1, 2020, Vaughn Manufacturing purchased a parcel of land as a factory site for $327000. An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2020. Costs incurred during this period are listed below: Demolition of old building $ 19100 Architect's fees 34800 Legal fees for title investigation and purchase contract 5700 Construction costs 1377000 (Salvaged materials resulting from demolition were sold for $9600.) Vaughn should record the cost of the land and new building, respectively, as $336500 and $1417500. $342200 and $1411800. $336500 and $1411800. $351800 and $1402200
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