Teradene Corporation purchased land as a factory site and contracted with Maxtor Construction to construct a factory. Teradene made the following expenditures related to the acquisition of the land, building, and machinery to equip the factory

FV of $1 http://lectures.mhhe.com/connect/007802532x/Images/FV%20of%20$1.jpg

PV of $1 http://lectures.mhhe.com/connect/007802532x/Images/PV%20of%20$1.jpg

FVA of $1 http://lectures.mhhe.com/connect/007802532x/Images/FVA%20of%20$1.jpg

PVA of $1 http://lectures.mhhe.com/connect/007802532x/Images/PVA%20of%20$1.jpg

FVAD of $1 http://lectures.mhhe.com/connect/007802532x/Images/FVAD%20of%20$1.jpg

PVAD of $1 http://lectures.mhhe.com/connect/007802532x/Images/PVAD%20of%20$1.jpg

(Use appropriate factor(s) from the tables provided.):

In addition to the above expenditures, Teradene purchased four forklifts from Caterpillar. In payment, Teradene paid $18,000 cash and signed a noninterest-bearing note requiring the payment of $72,000 in one year. An interest rate of 7% properly reflects the time value of money for this type of loan.

Required:

Determine the initial valuation of each of the assets Teradene acquired in the above transactions.

Assets	Initial Valuation $
Land
Building
Machinery
Land Improvements
Fork Lifts
Prepaid Insurance