The Reid Co$.$ acquired a piece of land for a new factory paying $$100,000.$ Reid demolished the old building at a cost of $$20,000,$ and sold scrapped

material salvaged from the old building for $$5,000.$ The architect's fees were $$25,000,$ and the title insurance upon acquisition of the land was $$1,000.$

The construction period interest was $$8,000,$ and the contractor received $$300,000$ for the building. A pavement assessment made by the city cost Reid

$$2,000$ at the purchase date.

The cost of the building recorded by Reid Co$.$ is:

Multiple Choice

$$300,000$

$$326,000$

$$333,000$

$$335,000$