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Shelton Co. purchased a parcel of land six years ago for $874 500. At that time, the firm invested $146.000 in grading the site so

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Shelton Co. purchased a parcel of land six years ago for $874 500. At that time, the firm invested $146.000 in grading the site so that it would be usabile. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $54.500 a year. The company is now considering building a warehouse on the site as the rentat lease is expiring. The current value of the land i $926,000 Wiat volue should be included in the initial cost of the warehouse project for the use of this land? Multiple Choice 500 o Son $1072.000 $920000

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