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Mapleback Inc. recently completed construction of a new manufacturing facility. Prior to the approval of the building permits, the company operated a parking lot on

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Mapleback Inc. recently completed construction of a new manufacturing facility. Prior to the approval of the building permits, the company operated a parking lot on the land. This parking lot had revenues, net of costs, of $56,000. Total construction costs were as follows: $ 330,000 Material Labour 660,000 150,000 56,000 130,000 26,000 Incremental overhead General overhead Interest costs Cost of building permits Required: Provide the total amount of construction costs that would be capitalized to the cost of the building. Total cost

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