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On January 6 , 2 0 X 1 , Baxter Company purchased a site for a new manufacturing plant for $ 3 , 3 0

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On January 6,20X1, Baxter Company purchased a site for a new manufacturing plant for $3,300,000. At a cost of $20,500, it razed an existing facility (fair market value $290,000) and received $13,600 from its salvage. The company also paid $7,300 in attorney fees, $2,300 in inspection fees, and $1,600 for a permit to raze the facility. After the facility was torn down, the following costs were incurred: $59,400 for fill dirt for the site, $41,000 for leveling the site, $134,000 for paving sidewalks and curbs, and $5,100,000 for building costs of the new facility. The parking area was paved at a cost of $134,700.
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1-3. Compute the capitalized costs of the manufacturing plant, the land and the land improvements.
\table[[,\table[[Manufacturing],[Plant]],Land,\table[[Land],[Improvements]]],[Construction of manufacturing plant],[Purchase of land],[Demolition of building],[Less salvage],[Attorney fees],[Inspection fees],[Permit to raze facility],[Purchase of fill dirt],[Leveling of site],[Paving of sidewalks and curbs],[Construction and paving of parking lot],[Total capitalized cost,$,$,$]]
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