Massey Ltd purchased a piece of land for $50 000. It paid legal fees of $5000 and agents’ commissions of $4000. An old building on the land was demolishedat a cost of $2000, and proceeds from the scrap were $500. The total to be debited to the Land account is:

A. $61 000
B. $60 500
C. $59 000
D. $50 000