assume that Lew Company Ltd. acquires real estate at a cash costof HK$2,000,000. The property contains an old warehouse that is razed at a netcost of HK$60,000 (HK$75,000 in costs less HK$15,000 proceeds from salvagedmaterials). Additional expenditures are the attorneys fee, HK$10,000, and the realestate brokers commission, HK$80,000. The cost of the land is HK$2,150,000