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 old chair lift was a $902,000 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 Costs to dismantle old chair lift Cash received for sale used chair lift Shipping costs for delivery Landscape architect fees, grading expansion hill Permit costs Clearing trees/grading land for expansion of concrete bases for chair lift Helicopter rental to install towers for chair lift id TOP Labour installation ski lift Training employees on maintenance and operation Testing of chair lift Interest costs on loan for construction General overhead costs Annual routine maintenance Purchase tools required for annual maintenance $1,854,000 31,300 185,400 19, 120 7,170 4,810 45,500 97,500 280,000 8,550 27,700 64,500 32,100 47,400 80,100 86,900 Required: Calculate the total cost for each asset: Total cost a. $ Land Ski lift b. $ 57,480 2,283,270 % 80,100 C. Tools $