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BuildCo acquires land for $187,000 cash. Additional costs are as follows. Removal of old hanger$2,200 Filling and grading to flatten land for building3,500 Salvage value

BuildCo acquires land for $187,000 cash. Additional costs are as follows.

Removal of old hanger$2,200

Filling and grading to flatten land for building3,500

Salvage value of lumber of hanger1,200

Broker commission1,130

Road improvement25,000

Closing costs560

What is the amount that BuildCo will record the acquisition cost of the land as?

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