Asset $5$

Machinery was acquired by issuing $1,000$ shares of $$1$ par value common stock. The stock was actively traded and had a market value of $$9$ per share.

Construction of Building

A building was constructed on land purchased last year at a cost of $$151,200.$ Construction began on March $1$ and was completed on September $1.$ The payments to the contractor were as follows:

$\backslash$table$[[$Date$,$Payment$],[\frac{3}{1},$$$252,000$