Twin Company acquires land for P56,000 cash. Additional costs are as follows:

Removal of shed P 300

Filling and grading 1,500

Salvage value of lumber of shed 120

Broker commission 1,130

Paving of parking lot 10,000

Closing costs 560

Twin will record the acquisition cost of the land as

Group of answer choices

P59,370.

P57,690.

P56,000.

P59,610.