On 1 January 20X8 new premises were acquired at a cost of $750,000. Also on 1 January 20X8 aditional associated costs incurred were as follows: Legal costs of purchase Architect's fees $7500 $9,200 $6.000 $25,000 Amal maintenance contract Alterations to properly The prenses is to be depreciated over its useful ife of 20 years. The company prepares financial statements at 31 December each year What is the carrying amount of the premises in the statement of financial position as at 31 December 20x8? D $