Blank #2: For how much will the Building be recorded? Saber Paper Company purchases land, a building, and land improvements all in the same transaction. Saber Paper Company pays $275,000 for all three. According to a local expert, the fair market value of the land is 20,000 of the purchase price; the fair market value of the building is 255,000 of the purchase price; the land improvements are 25,000 of the purchase price