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2 points Save Answer In December 2021, the owner of Oak paid for a parcel of land along with a warehouse for a total cost

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2 points Save Answer In December 2021, the owner of Oak paid for a parcel of land along with a warehouse for a total cost of $800,000. They also paid a real estate commission of $35,000 and legal fees of $5,000 in connection with this purchase, plus $25,000 for the demolition of the warehouse. Oak will reimburse the owner for these costs in January 2021 and will begin construction of an office building on this land. Pror to the purchase, the land and warehouse were appraised at $500,000 and $200.000, respectively. How much should be capitalized to the value of the building in 2021? $0 $270,000 $35,000 O $235,000

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