ces tions Question 21 2.5 pts A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Cources chedule Campus ook Purchase price of the land $1,050,000. Delinquent tax paid on behalf of the previous owner $19.750 Demolition of the old building $78,750 Construction of a driveway $3,500 Sale of salvaged parts already in the old building What amount should be recorded for the purchase of the land? $1,004,250. $1,032,500. $1,096,000. $1,068,750 $52,500