Purchase price of 4 acres of land, including an old building that will be used for an office (land fair value is $ 285 comma 000, building fair value is $ 70 comma 000)...........................................
$ 315 comma 000
b.
Landscaping (additional dirt and earth moving)...................
10 comma 600
c.
Fence around the land.....................................................
18 comma 720
d.
Lawyer fee for title search on the land...............................
600
e.
Delinquent real estate taxes on the land to be paid by MMS.
7 comma 800
f.
Company signs at front of the company property................
3 comma 600
g.
Building permit for the warehouse.....................................
970
h.
Architect fee for the design of the warehouse....................
21 comma 900
i.
Masonry, carpentry, roofing, and other labour to construct the warehouse.....................................................................
815 comma 000
Assume MMS depreciates buildings over 40 years, land improvements over 20 years, and furniture over 8 years, all on a straight-line basis with zero residual value.