Exercise $10-1($Algo$)$ Acquisition costs; land and building $[$LO$10-1]$

On March $1,2024,$ Beldon Corporation purchased land as a factory site for $$74,000.$ An old building on the property was demolished, and construction began on a new building that was completed on December $15,2024.$ Costs incurred during this period are listed below:

$\backslash$table$[[$Demolition of old building,$$6,000$