70 of 100 View Policies Current Attempt in Progress -/1 Vaughn Manufacturing purchased land as a factory site for $1345000. Vaughn paid $116000 to tear down two buildings on the land. Salvage was sold for $8100. Legal fees of $5500 were paid for title investigation and making the purchase. Architect's fees were $46900. Title insurance cost $3900, and liability insurance during construction cost $4200. Excavation cost $15860. The contractor was paid $4300000. An assessment made by the city for pavement was $9500. Interest costs during construction were $260000. The cost of the land that should be recorded by Vaughn Manufacturing is O $1476000. O $1462300. O $1485500. O $1471800. Save for Later Type here to search Attempts: 0 of 1 used Submit Answer D