Nicko Company purchased a tract of land as a factory site. An old building was demolished, and construction began on the new building. 1. What is the cost of land? a. 4,550,000 b. 4,800,000 c. 4,850,000 d. 4,450,000 2. What is the cost of the new building? a. 9,700,000 b. 9,750,000 c. 9,800,000 d. 9,950,000 3. What is the cost of the land improvements? a. 950,000 b. 650,000 c. 850,000 d. 400,000 1. What is the cost of land a. 1,145,000 b. 1,215,000 c. 1,130,000 d. 1,080,000 2. What is the cost of the new building? a. 6,625,000 b. 6,575,000 c. 6,585,000 d. 6,560,000