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Best Iron Manufacturing purchases a piece of land for $700,000. The company also paid: $5,000 in legal fees related to the purchase of the land;

Best Iron Manufacturing purchases a piece of land for $700,000. The company also paid: $5,000 in legal fees related to the purchase of the land; $15,000 for a driveway; $8,000 for the fence; and $3,000 in preparing the land for use. 
What is the value of the land improvement?

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