Parks Inc. had recently completed construction of a new manufacturing facility. Prior to the approval of the building permits, the company operated a parking lot on the land. This parking lot had revenues, net of costs, of $130,000. Construction will take place over an 18 month period. Total construction costs were as follows:

Material ....................................................    $640,000

Labour .....................................................    1,100,000

Incremental overhead ...........................       240,000

General overhead .................................        100,000

Interest costs on general loan ............         200,000

Cost of building permits .......................          40,000

Required:
Provide the total amount of construction costs that would be capitalized to the cost of the building using ASPE. Indicate the items that are different as compared to IFRS.