On March $31,2023,$ Capital Investment Advisers paid $$4,590,000$ for land with two buildings on it$.$ The plan was to demolish Building $1$ and build a new store $($Building $3)$ in its place. Building $2$ was to be used as a company office and was appraised at a value of $$1,075,250.$ A lighted parking lot near Building $2$ had improvements $($Land Improvements $1)$ valued at $$607,750.$ Without considering the buildings or improvements, the tract of land was estimated to have a value of $$2,992,000.$ Capital incurred the following additional costs:

$\backslash$table$[[$Cost to demolish Building $1,$$$709,160$