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Land is purchased for $600,000. Back taxes paid by the purchaser were $8,500; total costs to demolish an existing building were $12,000 and the cost
Land is purchased for $600,000. Back taxes paid by the purchaser were $8,500; total costs to demolish an existing building were $12,000 and the cost to clear the land was $15,000. The cost of paving the parking lot was $100,000. What is the cost of the land and land improvements? O A. $708,500; $0 O B. $735,500; $0 O C. $620,500, $100,000 OD. $635,500, $100,000
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