Fresh Veggies, Inc. (FVI). purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes the following expenditures related to the acquisition: broker's commission, $29,000; title Insurance, $1.900; and miscellaneous closing costs, $6,000. The warehouse is immediately demolished at a cost of $29,000 in anticipation of building a new warehouse. points Determine the amount FVI should record as the cost of the land. Whole Grain Bakery purchases an industrial bread machine for $30,000. In addition to the purchase price, the company makes the following expenditures: freight $2,000; installation, $4,000; testing. $1,500; and property tax on the machine for the first year, $600. What is the initial cost of the bread machine