Calculate and present what would be the cost amount

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Question - ABC Co. purchased land as a factory site for €600,000. ABC paid €60,000 to tear down two buildings on the land. Salvage was sold for €5,400. Legal fees of €3,480 were paid for title investigation and making the purchase. Architect's fees were €31,200. Liability insurance during construction cost €2,600. Excavation cost €10,440. The contractor was paid €2,200,000. An assessment made by the city for pavement was €6,400. Interest costs eligible for capitalization during construction were €170,000.

Instruction - Calculate and present what would be the cost amount of land and building according to the provided info.

Reference no: EM132544383

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