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Wonder Mountain Company operates a snow sports resort for skiers and snowboarders. The company has recently decided to replace an existing old chair lift with

Wonder Mountain Company operates a snow sports resort for skiers and snowboarders. The company has recently decided to replace an existing old chair lift with a new high-speed quad chair and expand the hill to allow for increased capacity. The chair lift was a $824,000 asset on the books, 90% depreciated. The work was completed from April to November. Wonder Mountain incurred the following costs for the expansion:

Invoice price high-speed quad chair lift $ 1,698,000
Costs to dismantle old chair lift 29,300
Cash received for sale used chair lift 169,800
Shipping costs for delivery 18,040
Landscape architect fees, grading expansion hill 6,390
Permit costs 4,270
Clearing trees/grading land for expansion 43,500
Installation of concrete bases for chair lift 92,500
Helicopter rental to install towers for chair lift 82,000
Labour installation ski lift 260,000
Training employees on maintenance and operation 7,850
Testing of chair lift 25,900
Interest costs on loan for construction 61,500
General overhead costs 30,700
Annual routine maintenance 45,800
Purchase tools required for annual maintenance 76,700

Required: Calculate the total cost for each asset:

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