ABC Co. purchased land as a factory site for 600,000. ABC paid 60,000 to tear down two buildings on the land. Salvage was sold for 5,400. Legal fees of 3,480 were paid for title investigation and making the purchase. Architect's fees were 31,200. Liability insurance during construction cost 2,600. Excavation cost 10,440. The contractor was paid 2,200,000. An assessment made by the city for pavement was 6,400. Interest costs eligible for capitalization during construction were 170,000.

Instruction: Calculate and present what would be the cost amount of land and building according to the provided info