Shaffer Company acquires land for Rs. 77,000 cash. Additional said are as follows.

Removal of shed	Rs, 300
Filling and grading	Rs, 1,500
Salvage value of lumber of shed	Rs, 120
Broker commission	Rs. 1,130
Paving of parking lot	Rs, 10,000
Closing costs	Rs, 560

 
Shaffer will record the acquisition cost of the land as