On January 6, 2013, Harris Company purchased a site for a new manufacturing plant for $2,400,000. At a cost of $16,000, it razed an existing facility (fair market value $200,000) and received $10,000 from its salvage. The company also paid $6,400 in attorney fees, $1,850 in inspection fees, and $1,150 for a permit to raze the facility. After the facility was torn down, the following costs were incurred: $50,400 for fill dirt for the site, $32,000 for leveling the site, $125,000 for paving sidewalks and curbs, and $4,200,000 for building costs of the new facility. The parking area was paved at a cost of $125,700