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On January 6 , Year 1 , the Mount Jackson Corporation purchased a tract of land for a factory site for $1,500,000. An existing building

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On January 6 , Year 1 , the Mount Jackson Corporation purchased a tract of land for a factory site for $1,500,000. An existing building on the site was demolished and the construction of the new factory buliding was completed on October 11, Year 1 . Additional cost data are shown below. Which of the following correctly states the capitalized cost of the land and the new factory bullding respectively? $1,637,600 and $1,898,000 $1,515,400 and $2,020,200 $1,648,600 and $1,887,000 $1,500,000 and $2,035,600

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