ssignment $1$

On March $31,2023,$ Capital Investment Advisers paid $$4,510,000$ for land with two buildings on it$.$ The plan was to demolish Building $1$ and build a new store $($Building $3)$ in its place. Building $2$ was to be used as a company office and was appraised at a value of $$1,166,750.$ A lighted parking lot near Building $2$ had improvements $($Land Improvements $1)$ valued at $$653,380.$ Without considering the buildings or improvements, the tract of land was estimated to have a value of $$2,846,870.$ Capital incurred the following additional costs:

$\backslash$table$[[$Cost to demolish Building $1,$$$685,160$