Shelton Co purchased a parcel of land six years ago for $865,500. At that time, the firm invested $137,000 in grading the site so that i would be usable. Since the frm wasn't ready to use the site itself at that time, it decided to lease the land for $50,000 a year The company is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $917000 What value should be included in the initial cost of the warehouse project for the use of this land? Mutiple Choioe $917000 $1,002,500 $1,054,000 6 E R T shit Multiple Choice $917,000 $1,002,500 $1,054,000 s0 $865,500 Prey IO of 14 Next > 144 49 5 6 8 9 0 4