1) the new office purchased building cost 2000000.legal cost 50000, repair and maintenance cost 15000 property transfer tax 30000. marketing accounting, legal and executive teams moved into a building in 2020. determine total cost and initial cost and determine is it investment property or not.

2) the new 2nd office building cost 1300000. it was purchased to rent to long term commercial tenants and earn rental income. legal cost 35000 repair and maintenance 15000 and property transfer taxes were 8000.determine total cost and initial cost determine is it investment property or not.

3) a second production plant was purchased for 550000 in order to accommodate the large infrasture that gray produces. The production plant was operational as soon as it was purchased. Determine total cost and initial cost determine is it investment property.

4) Vacant land was purchased for 150000in the north end of halifax. Land value in this area of city is increasing each year and gray is plan is to hold the property for a number of years and then sell when it is offered the right price. legal cost were 10000 and property transfer taxes 6000. Determine total cost and initial cost determine is it investment property .