On March $1,2022,$ Crane Compary acquired real estate, on which it pluwed to construct a small alfice builline by paying $586,500$ in cash. An old warehoune on the property was demolished at a cont of $$9\mathrm{.}500$ the salvaged materials were sold for $$1\mathrm{.}960.$ Additional openditures before construction began included $$1,460$ attorney's lee for work concerning the land purchane, $$5\mathrm{.}150$ real entate broker's fee, $$8,960$ architect's fee, and $$15,300$ to put in driveways and a parking lot.

$($a$)$ Determine the amount to be reported as the cost of the land.