a company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: purchase price of the land $ 428,000 sale of salvaged parts already on the land $ 48,000 demolition of the old building $ 58,000 ground-breaking ceremony (food and supplies) $ 2,900 land preparation and leveling $ 8,900. What amount should be recorded for the purchase of the land
