t' 5 Que; IO\" Darby Inc has the ff. data about their property, plant and equipment on their December 31, 201 9 financial statement: Not yet answered Land 1,100,000 Marked out of Land Improvements 50,000 1.00 Building 1,500,000 VF Flag question Machinery 850,000 During 2020, the following data was provided to you: Cash paid on purchase of land 1,000,000 Mortgage assumed on the land bought, including interest at 16% 4,000,000 Realtors commission 500,000 Legal fees, realty taxes and documentation expenses 50,000 Amount paid to relocate persons squatting on the property 100,000 Cost of tearing down an old building on land 20,000 Amount recovered from the salvage of the building demolished 5,000 Safety fence around construction site 110,000 Cost of shrubs, trees and other landscaping 130,000 Amount paid to a contractor for the building constructed 6,000,000 Building permit fees 20,000 Excavation expenses 50,000 Architect's fees 75,000 Interest that would have been earned has the money been used during the period of construction been invested in the money 150,000 market Invoice cost of machinery acquired 2,000,000 Freight, unloading and delivery charges 60,000 Customs duties and other charges 140,000 Allowances, hotel accomodations, etc. (paid to foreign technicians 400 000 during installation and test runs of machines ' Royalty payments on machines purchased (based on units 120,000 produced and sold) Total cost of the land improvement is