the following cases are independent case a timmis limited bought a building for 2120000 before using the building the following expenditures were made 2/

Case B Ling Company purchased a $ 65,000 tract of land for a new manufacturing facility. Ling demolished an old building on the property and sold the materials it salvaged from the demolition. Ling incurred additional costs and realized salvage proceeds as follows:
Demolition of old building ………….. $ 62,000
Routine maintenance ( mowing) done on purchase….. 5,000
Proceeds from sale of salvaged materials…….. 22,400
Legal fees ………………… 18,000
Title guarantee insurance…………… 11,200