Nicko Company purchased a tract of land as a factory site. An old building was demolished and construction began on the new building.

Purchase price of land and old building	4,500,000
Fair value of old building (usable)	250,000
Cost of demolishing old building	300,000
Title insurance and legal fees to purchase land	200,000
Architect fee	950,000
New building construction cost	8,000,000
Survey before construction	100,000
Building permit or payment to city hall for approval of building construction	150,000
Excavation before new construction	200,000
Liability insurance during construction	100,000
New fence surrounding the new building	100,000
Driveway, parking bay and safety lighting	550,000
Cost of trees, shrubs and other landscaping	300,000
Cost of lightings and signage	100,000

1. What is the cost of land?

2. What is the cost of the new building?

3. What is the cost of the land improvements?