On February 1, 2014, Nelson Corporation purchased a parcel of land as a factory site for $247,988. An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2014. Costs incurred during this period are listed below: Demolition of old building $20,128 Architect's Fees $33,751 Legal fees for title investigation and purchase $5,591 contract Construction Costs $1,267,254 Cost to fence property $5,060 What is the cost of any land improvements? Question 5 2 pts Nirvana Company traded in a automatic pressing machine for a manual pressing machine owned by Dodson Company. These machines have similar future cash flows. Nirvana's old machine cost $204,045 and had a net book value of $182,910. The old machine had a fair value of $194,775. They received $30000 boot in the deal. What is the amount of gain or loss from this transaction? If you calculate a loss, use a minus sign, i.e. -8000. If you determine the gain or loss can't be recognized, enter zero. Round any percentages used to two decimal places, i.e. 56.78%