og question pax Ltd has recently constructed a shop that they will be using as their newest location. The allowing expenditures were incurred in making the property suitable for its intended use: land acquisition $650,000; legal fees for land acquisition $50,000; architectural fees $80,000; quantity Surveyors fees $70,000; raw material cost $800,000; and labour cost $500,000. Using the cost (also known as the summation) approach, the value of the property would be determined as? Select one: a $2,150,00 b. 2,550,000 c. $690,000 d. $2060.000