Entity B purchased land to build a pharmacy. It incurred the following costs: Purchase price of land Tear down existing building on land Sale of salvage materials from tear down Clear and fill the land Construction costs for new pharmacy Outdoor lighting Paving parking lot Landscaping $34,000 $15,000 $5,000 $6,500 $550,500 $70,000 $620,500 $500,000 $15,000 $25,000 $30,000 What is the amount that should be debited to the Land Improvements (not Land) account? $50,500

Entity B purchased land to build a pharmacy. It incurred the following costs: What is the amount that should be debited to the Land Improvements (not Land) account? $50,500$550,500$70,000$620,500