Cost of Property, plant, and Equipment Lam Company purchased the following long-term assets. Determine the purchase cost of each asset. $60,000 500 (a) Ten computers: Purchase price Transportation costs Insurance during transportation Installation Interest on loan to purchase computers 100 800 3,000 (b) Three acres of land: $30,000 Purchase price Grading of land in preparation to build Planting of trees around border Fence on southern border Tax assessment for sewer Legal fees related to purchase 10,000 5,000 3,000 1,000 900 (c) Five-thousand-square-foot building: Purchase price Real estate fees Land on which building is located Legal fees related to purchase Taxes related to purchase $102,000 5,000 10,000 600 800 (c) Five-thousand-square-foot building: Purchase price $102,000 Real estate fees 5,000 Land on which building is located 10,000 Legal fees related to purchase 600 Taxes related to purchase 800 Interest on mortgage to buy building 300 a. Ten computers $ b. Three acres of land 69 c. Five-thousand-square-foot building -69