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A company purchased a 3-acre tract of land for a building site for Dh350,000. The company demolished the old building at a cost of Dh12,000,

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A company purchased a 3-acre tract of land for a building site for Dh350,000. The company demolished the old building at a cost of Dh12,000, but was able to sell scrap from the building for Dh1,500. The cost of title transfer was Dh900 and attorney toes for reviewing the contract was Dh500. Property taxes paid were Dh3,000, of which Dh250 covered the pened after the purchase date. The capitalized cost of the land is Select one: a. Dh364,850 b. Dh231.150 c0h366,150 Od. Dh366,400

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