A real estate management company buys land that contains an abandoned apartment building for S4.5 million. It pays a construction company S500,000 to demolish the apartment building. Which of the following is correct? The company would record $5 million as the cost of the land. The company would record $5 million as the cost of the land. e company would record $4.5 million as the cost of the land The company would record $4 million as the cost of the land. The company would record S500,000 as demolition expense Th