lang og Brief Exercise 10-3 Skywong others Inc. purchased land and an old bulding with the intention of removing the building and then contracting the company's new corporate headquarters on the land. The land and old were purchased for $509,000. Closing costs were $0,120. The old building was removed at a cost $41,300. Mter reading the land for is intended us, and while waiting for construction to begin, generated net revenue of $4,000 from using the land as a parking lot. Determine the amount to be recorded as the land cost, and the treatment of the net revenue of $4,800, Skysong prepares financial statements in accordance with IFRS and ASPE Land cost The net revenue of $4,800 should be