Woody's Furniture, a manufacturer of home furniture is expanding their operation. They recently purchased a building and land intended to be used for assembly of furniture pieces produced in their factory. The land, building and an attached parking lot were purchased as a lump sum for $$2,400,000.$ The fair value of each component is provided below. Additionally, an inspection of the building cost $$3,500$ and there were necessary repairs completed on the parking lot that cost $$5,000.$ Finally, a second, smaller building was included in the purchase, but it was removed upon purchase in preparation for additional parking to be added later. The cost to dispose of the building was $$15,250.$