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10 Mr Ganesh is looking for a piece of land to build a house. He met En. Abdul Halim who agreed to sell his plot to him for RM289,835. They signed the sales and purchase agreement on 26 June 2009. Mr Ganesh paid the full price on 25 July 2010 and transferred the land to his name on 15 November 2010 Mr Ganesh incurred additional expenses on the acquisition which included stamp duty of RM2,898 and interest of RM51,432 on the loan taken to acquire the land. The land was flooded owing to nearby development works and Mr Ganesh had to spend RM41,405 to drain the land. He obtained RM25,340 from the developer on February 2011 as compensation for damages as well as RM9.275 from the insurance company on 15 February 2011 The owner of the adjoining plot had disputed the boundary to the land. Mr Ganesh had to engage a lawyer to defend the title to the land and paid legal fee amounting RM3,395. He later found the land not suitable to build a bungalow and put it up for sale. A prospective buyer paid a deposit of RM8.000 and applied for a loan but was not successful and he forfeited the deposit. Determine the acquisition price of the land for Mr Ganesh. (6m)

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