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$