Cowboy Development Incurred the Following Costs Associated with the Purchase

Cowboy Development incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: What amount should be recorded for the purchase of the land?

A) $437,500.
B) $417,500.
C) $439,000.
D) $419,000.$400,000 - $20,000 + $30,000 + $7,500 = $417,500.The $1,500 in costs for the ground breaking ceremony should be expensed.