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items below represent expenditures related to the construction of a new home office for Giselle Company. How much is the total cost of depreciation asset
items below represent expenditures related to the construction of a new home office for Giselle Company.
Cost of land, which included an old apartment building Legal fees, including fee for title search Payment of apartment mortgage and interest due at time of sale Payment for delinquent property taxes assumed by the purchaser Cost of demolition of the apartment building Salvaged materials recovered Architect fees on new building Payment to building contractors Imputed interest on company's own funds used during construction Medical bills of employees accidentally injured while inspecting construction Cost of paving driveway and parking lot (part of building plan) Cost of installing lights in the parking lot Premium for insurance on the building during construction Cost of open house party to celebrate opening of new building 2,000,000 10,000 50,000 20,000 30,000 5,000 200,000 8,000,000 300,000 10,000 40,000 5,000 25,000 60,000 How much is the total cost of depreciation asset to be capitalized?
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