On May $1,$ Beta paid $$450,000$ in stock $($fair value$)$ for all of the assets and liabilities of Delta, which will cease to exist

as a separate entity. In connection with the merger, Beta incurred $$15,000$ in accounts payable for legal and

accounting fees.

Beta also agreed to pay $$80,000$ to the former owners of Delta contingent on meeting certain revenue goals during

the following year. Beta estimated the present value of its probability adjusted expected payment for the contingency

at $$24,000.$ In determining its offer, Beta noted the following:

Delta holds a building with a fair value $$36,000$ more than its book value.

Delta has a research and development activity in process with an appraised fair value of $$84,000.$ The project has

not yet reached technological feasibility.

Book values for Delta's current assets and liabilities approximate fair values.

How much should Beta include as part of total assets acquired from the Delta merger?