Question $59$ of $100$

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Vaughn Manufacturing purchased land as a factory site for $$1345000.$ Vaughn paid $$116000$ to tear down two buildings on the land. Salvage was sold for $$8100.$ Legal fees of $$5500$ were paid for title investigation and making the purchase. Architect's fees were $$46900.$ Title insurance cost $$3900,$ and liability insurance during construction cost $$4200.$ Excavation cost $$15860.$ The contractor was paid $$4300000.$ An assessment made by the city for pavement was $$9500.$ Interest costs during construction were $$260000.$

The cost of the land that should be recorded by Vaughn Manufacturing is

$$1485500.$

$$1462300.$

$$1476000.$

$$1471800.$