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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 $880,000 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 $ 1,810,000
Costs to dismantle old chair lift 30,400
Cash received for sale used chair lift 181,000
Shipping costs for delivery 19,660
Landscape architect fees, grading expansion hill 7,560
Permit costs 5,080
Clearing trees/grading land for expansion 46,500
Installation of concrete bases for chair lift 100,000
Helicopter rental to install towers for chair lift 88,000
Labour installation ski lift 290,000
Training employees on maintenance and operation 8,900
Testing of chair lift 28,600
Interest costs on loan for construction 66,000
General overhead costs 32,800
Annual routine maintenance 48,200
Purchase tools required for annual maintenance 81,800

Required: Calculate the total cost for each asset:

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