Non-Depreciable

Land 1/1/05 2,500,000

Cash paid on purchase of land 10,000,000
Mortagage assumed on land bought including interest at 16% 16,000,000
Realtors commission 1,200,000
Legal fees realty taxes and documentation expenses 200,000
Amount paid to relocate squatters persons on property 400,000
Cost of tearing down an old building 300,000
Amount received from salvage value -600,000
Land 12/31/05 30000000

Depreciable
Land improvements 560,000
Balance 1/1/05 440,000
Cost of fencing the property 1,000,000

Building
Balance 1/1/05 3,600,000.00
Amount paid to contractor 8,000,000
Building permit fees 50,000
Excavation expenses 250,000
Architecht's fee 100,000
12,000,000.00

Machinery and equipment

Balance 1/05/21 6,600,000
Invoice cost of machinery 8,000,000
Freight,unloading and delivery charges 240,000
Custom duties and other charges 560,000
Allowances hotel accomodations etc paid to 1,600,000
foreign technician during installation and test run of machine
17,000,000

Total depreciable PPE 12/31/05 30,000,000.00