Larkspur Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $73,500; broker's fees, $6,200; title search and other fees, $5,500; demolition of an old building on the property, \$5,700; grading \$1,700; digging foundation for the road, \$4,000; laying and paving driveway, $30,000; lighting \$7,800; signs, $1,600