Property tax in arrears at property purchase date 4.700 Architect's fees 2,800 Cash paid for land and dilapidated building on it 115,000 Removal of old building $20,600 Less: Salvage 5,770 14,830 Surveying before construction 360 Interest on short-term loans during construction 7,400 Excavation before construction for basement and foundation 19,200 Machinery purchased (subject to 3% cash discount, which was not taken) 65,700 Freight on machinery purchased 1,400 Exchange on foreign currency purchase of machinery 1.200 Storage charges on machinery, made necessary because building was still under construction when machinery was delivered 2.170 New building constructed (building construction took six months from date of purchase of land and old building) 485,000 Assessment by city for drainage project 1.670 Fence surrounding the property for security 14,800 Hauling charges for delivery of machinery from storage to new building 690 Installation of machinery 2,200 Customs duty on importing machinery 5.600 Municipal grant to promote locating building in the municipality (8.300)