Flounder Corp, acquired a property on September 15, 2023, for $290,000, paying $3,500 in transfer taxes and a $2,400 real estate fee. Based on the provindal assessment information, 80% of the property's value was related to the buliding and 20% to the larid, it is estimated that the bullding with proper maintenance. will last for 20 years, at which time it will be torn down and have zero salvage value. Flounder, however, expects to use it for 10 years only, as it is not expected to suit the company's purposes after that. The company should be able to sell the property for $171.000 at that time, with $47,000 of this amount being for the land. Flounder prepares financial statements in accordance with IFRS. (Deprociation expense should be colculated to the necrest horf month.) (a) Assuming a December 31 year end, Identify the building's cost. Cost of the building $