Question: 1 point FedEx signs a $300,000 note payable to purchase 20 acres of land. FedEx also pays $10,000 for real estate commission, $8,000 of back

1 point FedEx signs a $300,000 note payable to purchase 20 acres of land. FedEx also pays $10,000 for real estate commission, $8,000 of back property tax, $5,000 for removal of an old building, a $1,000 survey fee, and $260,000 to pave the parking lot-all in cash. What is FedEx's cost of this land? $310,000 $324,000 $300,000 $584,000

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