Assignment 4 - Chapter 6 COM204 -Fall 2020 Question 2 Ellie's Cupcakes Inc. paid $125,000 for land and $35,000 to have the old building removed from the land. The company also had to pay $15,000 in back property taxes. The company paid $635,000 for construction of a new building, including design. Fencing cost the company $25,000 and lighting around the outside of the building cost the company $17,500. The company paid $67,500 for a parking lot and signage cost $30,500. Required Determine the cost of the land, land improvements, and building. Focus ch (Canada)