The following costs were incurred by Imports Auto Parts in connection with the construction of a...

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The following costs were incurred by Imports Auto Parts in connection with the construction of a retail store building: Cost of land, including $18,200 of legal costs Cost to demolish old building Costs of grading land for building site Costs related to building construction Legal costs relating to building permits Costs of paving parking lot $320,000 18,350 10,400 870,000 16,775 92,000 Required: 1 & 2. What are the capitalized costs of the land and the new building? S Purchase price of land Demolition cost of old building Cost to level building site Cost to construct building Legal costs related to building Costs of paving parking lot Total capitalized cost Land Retail Building The following costs were incurred by Imports Auto Parts in connection with the construction of a retail store building: Cost of land, including $18,200 of legal costs Cost to demolish old building Costs of grading land for building site Costs related to building construction Legal costs relating to building permits Costs of paving parking lot $320,000 18,350 10,400 870,000 16,775 92,000 Required: 1 & 2. What are the capitalized costs of the land and the new building? S Purchase price of land Demolition cost of old building Cost to level building site Cost to construct building Legal costs related to building Costs of paving parking lot Total capitalized cost Land Retail Building