5 points Save Answ Vijay Inc purchased a three-acre tract of land for a building site for $410,000. On the land was a building with an appraised value of $130.000. The company demolished the old building at a cost of $11.900, but was able to sell scrap from the building for $1600. The cost of title insurance was 5930 and attorney fees for reviewing the contract were 5500 Property taxes paid were $3000, of which $350 covered the period subsequent to the purchase date. The capitalized cost of the land is 5425.980 $281280 5424 380 $426 330