On February 1, 2014, Nelson Corporation purchased a parcel of land as a factory site for $237,827. 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 $22,147 Architect's Fees $32,434 Legal fees for title investigation and purchase $5,768 contract Construction Costs $1,275,957 Salvaged materials resulting from demolition were $10000 sold for The company also spent $2,452 to fence the property. What is the cost of the Building