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 $800,000 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 $1,650,000 35,300 165,000 22,630 9,705 6,565 Clearing trees/grading land for expansion. Installation of concrete bases for chair lift 52,000 113,750 Helicopter rental to install towers for chair lift 99,000 Labour installation ski lift 345,000 Training employees on maintenance and operation 10,825 Testing of chair lift Interest costs on loan for construction General overhead costs Annual routine maintenance Purchase tools required for annual maintenance 33,550, 74,250 36,650 52,600 91,150 Required: Calculate the total cost for each asset: Total cost a. Land b. Ski lift c Tools