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Can someone please help me with this problem? Very confusing to me 2-2 Homew X ezto.mheducation.com/hm.tpx E] C' Q Search Teradene Corporation purchased land as

Can someone please help me with this problem? Very confusing to me

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2-2 Homew X ezto.mheducation.com/hm.tpx E] C' Q Search Teradene Corporation purchased land as a factory site and contracted with Maxtor Construction to construct a factory, Teradene made the following expenditures related to the acquisrtion of the land, building, and machinery to equip the factory (FV of $1, PV of $1, FVA of $1. PVA of $1, FVAD of and PVAD of $_1) (Use appropriate tactortsi from the tables provided): Purchase price of the land 31250000 Demolition and removal of old building 85,000 Clearing and grading the land before construction 175.000 Various closing costs in connection with acquiring the land 47.000 Architect's tee for the plans for the nevi: burlding 55.000 Payments to Maxtor for building construction 3.300.000 Machinery purchased 885.000 Freight charges on machinery , 37,000 Trees, plants, and other landscaping 50.000 '" installation of a sprinkler system for the landscaping 5'500 , ' K I: Cost to build special platforms and install wrring for the machinery 17' 000 ' g f c. Cost of trial runs to ensure proper installation of the machinery 7 500 V: ' ' \\ Fire and theft insurance on the factory for the rst year of use 29 000 g ""4 in addition to the above expenditures Teradene purchased tourtorklis from Caterpillar In payment, Teradene paid$21.000 cash and signed a noninterest~bearing note requiring the payment of 576000 in one year. An interest rate of 6% properly reects the time value of money for this type of loan Required: Determine the initial valuation of each of the assets Teradene acquired in the above transactions Building __ Machinery _ m_

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