Ramirez Company Acquires Land for $240000 Cash Ramirez Will Record the Acquisition Cost of the Land as Follow

Multiple Choice

Ramirez Company acquires land for $240000 cash.Additional costs are as follow. $\begin{array}{lr}\text { Removal of shed } & \$2,000 \\\text { Filling and grading } & 6,000 \\\text { Salvage value of lumber of shed } & 1,000 \\\text { Broker commission } & 4,520 \\\text { Paving of parking lot } & 40,000 \\\text { Closing costs } & 3,400\end{array}$ Ramirez will record the acquisition cost of the land as

A) $254640.
B) $257200.
C) $255920.
D) $240000.