A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: -09 Purchase price of the land Sale of salvaged parts already on land Demolition of the old building Ground-breaking ceremony (food and supplies) Land preparation and leveling $640,000 $ 25,000 $ 36,000 $ 1,100 $ 8, 200 What amount should be recorded for the purchase of the land? Multiple Choice $685.300 $684.200 $659.200