The property, plant and equipment section of San Miguel Corporation’s

balance sheet at December 31, 2014 included the following items:

Land
Land improvements 
Building
Machinery and equipment
During 2015 the following data were available to you upon your analysis of the accounts:
Cash paid on purchase of land
Mortgage assumed on the land bought, including interest at 16%
Realtor’s commission
Legal fees, realty taxes and documentation expenses
Amount paid to relocate persons squatting on the property
Cost of tearing down an old building on the land
Amount recovered from the salvage of the building demolished
Cost of fencing the property
Amount paid to a contractor for the building erected
Building permit fees
Excavation expenses
Architect’s fee
Interest that would have been earned had the money used during
the period of construction been invested in the money market
Invoice cost of machinery acquired
Freight, unloading, and delivery charges
Customs duties and other charges
Allowances, hotel accommodations, etc., paid to foreign
technicians during instillation and test run of machines
Royalty payment on machines purchased (based on units
produced and sold)
 Land
Mortgage assumed on the land bought, including interest at 16%
2,500,000 Cash paid on purchase of land
560,000 Realtor’s commission
3,600,000 Amount paid to relocate persons squatting on the property
6,600,000 Legal fees, realty taxes and documentation expenses
Cost of tearing down an old building on the land
10,000,000 Amount recovered from the salvage of the building demolished
16,000,000 Cost of Land
1,200,000
200,000 Land improvements 
400,000 Cost of fencing the property
300,000 Cost of Land Improvements
600,000
440,000 Building
8,000,000 Amount paid to a contractor for the building erected
50,000 Building permit fees
250,000 Excavation expenses
100,000 Architect’s fee
Interest that would have been earned had the money used during
600,000 the period of construction been invested in the money market
8,000,000 Cost of Building
240,000
560,000 Machinery and equipment
Invoice cost of machinery acquired
1,600,000 Freight, unloading, and delivery charges
480,000 Customs duties and other charges
Allowances, hotel accommodations, etc., paid to foreign
technicians during instillation and test run of machines
Royalty payment on machines purchased (based on units produced and sold
Cost of Machinery and Equipment

Total Land Improvements

Total Building
Total Machinery and Equipment
Total Depreciable Property, Plant and Equipment
 2,500,000
16,000,000
10,000,000
1,200,000
400,000
200,000
300,000
-600,000
30,000,000

560,000
440,000
1,000,000

3,600,000
8,000,000
50,000
250,000
100,000
600,000

12,600,000

6,600,000
8,000,000
240,000
560,000

1,600,000
-480,000
16,520,000

1,000,000
12,600,000
16,520,000
30,120,000