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Assume: Purchase price of the land 34967.00 Real estate commission (%) of the purchase price 5.10 Demolition of old building on site 1941.82 Sale of
Assume: Purchase price of the land 34967.00 Real estate commission (%) of the purchase price 5.10 Demolition of old building on site 1941.82 Sale of scrap from old building 446.62 Construction cost of the new building 161818.00 Land survey costs 2622.53 Back taxes 2692.46 Architect fees 18123.62 The initial value of the building is:
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