Randall, Inc. purchased land to build an office. In the first quarter, the following amounts were incurred: Acquisition of land $142,000 Architectural Fee 15,400 12,200 3,700 2,500 11,200 157,000 8,700 530,000 1,900 2,700 Lawn sprinkler system Building permits Surveys and legal fees Land clearing Contractor charges for building Fencing Material and labor cost for building Install lighting and signage Parking lot What amount should be recorded as the cost of the building in the corporation's books?

What amount should be recorded as the cost of the building in the corporation's books