Question 2 (13 marks) 1 mark for each amount classified correctly and 1 mark for each correct total cost. Snowy Incorporated paid $725,000 for land. The company had to pay $17,000 in back property taxes, $60,000 to remove the old building from the land, and $225,000 for fencing. The company paid $1,900,000 for construction of a new building and $50,000 for designing costs. The company paid $135,000 for lighting around the outside of the building, $350,000 for a parking lot and $65,000 for Signage. Required Determine the cost of the Building, Land and Land Improvements. Assignment 4 - Chapter 6 Comm 204 - Fall 2020