d. 400,000 Enchantment Company incurred the following expenditures related to land and building: Cash paid for land and dilapidated building Removal of old building to make room for 1,000,000 construction of a new building Payment to tenants for vacating old building 50,000 15,000 Architect fee for new building 200,000 Building permit for new construction 30,000 Fee for title search 10,000 Survey before construction of new building 20,000 Excavation before new construction 100,000 New building constructed 6,000,000 Assessment by city for drainage project 5,000 Cost of grading, leveling and landfil! 45,000 Driveways and walks to new building from street (part of building plan) 40,000 Temporary quarters for construction crew 80,000 Temporary building to house tools and materials 60.000 Cost of changes during construction to make new building more energy efficient 50,000 Cost of windows broken by vandals 25,000 8. What is the cost of land? a. 1,145,000 c. 1,130,000 b. 1,215,000 d. 1,080,000 9. What is the cost of new building? a. 6,625,000 b. 6,575,000 c. 6,585,000 d. 6,560,000