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Q6(12%) Wilson Co purchased land as a factory site for $600,000. Wilson paid $60,000 to tear down two buildings on the land Salvage was sold

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Q6(12%) Wilson Co purchased land as a factory site for $600,000. Wilson paid $60,000 to tear down two buildings on the land Salvage was sold for $5.400. Legal fees of $3,480 were paid for title investigation and making the purchase Architect's fees were $31200. Excavation cost $10 440 The contractor was paid $2 200 000. Installed lighting and signage at a cost $6.400 Wilson should record the cost of the land and new building as (show calculations)

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