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Purchase price of the land Sale of salvaged parts already on land $ 5 5 0 , 0 0 0 Demolition of the old building

Purchase price of the land
Sale of salvaged parts already on land
$550,000
Demolition of the old building
20,000
Ground-breaking ceremony (food and supplies)
21,000
Land preparation and leveling
2,600
8,200
What is the total capitalized cost of the land?
Multiple Choice
$559,200
$581,800
$561,800
c.
$579,200
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