January 2010, Giant Green Company pays $3,000,000 for a tract of land with two buildings on R plans to demolish Building 1 and build a new store in its place company office: it is appraised at $742.000, with a useful life of 25 yeers and a $75,000 salvage value. A lighted parking lot neor Building 1 has improvements (Land improvements t $400,500 that are expected to last another 18 years with no salvege v following additional costs: 1 and build a new store in its place. Building 2 will be ot neer Buldng 1 has improvements and irrorovements valued value. Without the buildings and improvements, the tract of lend is valued at $2,020,600 Giant Green aiso Incurs Cost to demolish Building Cost of additional land grading s 400,200 200,000 ,851,000 122.000 Cost to construct new building (Building 3), having a useful life of 25 years and a $322.000 salvage value Cost of new land improvements (Land Improsements 2) ncar Building 2 having a 20-year useful life and no salvage valuc What is the amount that should be recorded for Bunding ,27 O $667000 O $703.800 O $600.200 $742,000 O $487.921