Ted Khan owns Khan Development Inc. During $20$X$7,$ the following transactions took place:

Transaction A

Transaction B

Khan acquired a parcel of land for $$11,400,000($plus $2\%$ in real

estate commissions$).$ On closing, Khan paid $$45,400$ in legal fees

as well as $$23,300$ in back taxes owed on the property. The land

would be used to build new semi$-$detached and row townhouses.

Immediately following the purchase, Khan submitted a proposal to

the municipality to rezone the property to residential use. Legal

fees and other admin costs associated with the rezoning permits

were $$59,000.$ Upon approval, Khan completed grading and added new

drainage that was required as part of the approval. The total

cost of this work was $$173,000.$

Khan also acquired another nearby parcel of land, already zoned

as residential for $$1,680,000.$ The land had two houses that were

inhabitable in their current state. Khan planned to use this site

to build their sales office and showrooms for the sites above.

The land had a fair value of $$1,490,000$ and the building value$($s$)$

were $$190,000.$ Khan demolished the buildings for a total of

$$69,000.$ Khan incurred the following expenditures when

constructing the showrooms:

The building was completed and occupied on $30$ September $20$X$5.$

Khan purchased a variety of new tools, that will be required as

part of the construction of the properties. This included $2$

bobcats$/$diggers that had a cost of $$490,000,$ and some other tools

that added up to $$39,000($inclusive of $$2,200$ of HST$).$ The

diggers were shipped from the United States for a total cost of

$$3,800.$ Khan paid $$4,500$ in import duties on these as well in

addition to $$29,000$ in HST$.$

Required:

Determine the amounts to be capitalized for each of the above transactions.

Land:

Building:

Land Improvment

machinery and equipment::

Tools and Others: