During the current year, Alanna Co$.$had the following transactions pertaining to its new office building.

Purchase price of land $$240,000$

Legal Fees for contract to puechase land $6,000$

Architect fees $8,000$

Demolition of the old building site $15,000$

Sale of Scrap from od building $10,000$

Construction cost of new building $500,000$

A$.$ What should Alanna Co$.$record on its books for the land?

B$.$ What should Alanna Co$.$record on its books for the building.