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Google purchased 10 acres of land six years ago for $866,500. At that time, the firm invested $138,000 in grading the site so that it

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Google purchased 10 acres of land six years ago for $866,500. At that time, the firm invested $138,000 in grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, I decided to lease the land for $50,500 a year, Google is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $918,000. What value should be included in the initial cost of the warehouse project for the use of this land? Multiple Choice O $866,500 $1,004,500 5918.000 51.056,000

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