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 equipment for the factory:

Purchase price of the land	$ 1,260,000
Demolition and removal of old building	86,000
Clearing and grading the land before construction	180,000
Various closing costs in connection with acquiring the land	48,000
Architect's fee for the plans for the new building	56,000
Payments to Maxtor for building construction	3,310,000
Equipment purchased	890,000
Freight charges on equipment	38,000
Trees, plants, and other landscaping	51,000
Installation of a sprinkler system for the landscaping	5,600
Cost to build special platforms and install wiring for the equipment	18,000
Cost of trial runs to ensure proper installation of the equipment	7,600
Fire and theft insurance on the factory for the first year of use	30,000

In addition to the above expenditures, Teradene purchased four forklifts from Caterpillar. In payment, Teradene paid $22,000 cash and signed a noninterest-bearing note requiring the payment of $76,000 in one year. An interest rate of 7% properly reflects the time value of money for this type of loan.

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 equipment for the factory: In addition to the above expenditures, Teradene purchased four forklifts from Caterpillar. In payment, Teradene paid $22,000 cash and signed a noninterest-bearing note requiring the payment of $76,000 in one year. An interest rate of 7% properly reflects the time value of money for this type of loan. Required: Determine the amount Teradene would record for each of the assets acquired in the above transactions. Note: Use tables, Excel, or a financial calculator. Round your final answers to the nearest whole dollar. (FV of $1,PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 )