Lethbridge purchased a new smelting plant. The building cost Lethbridge $8 million. Legal and brokerage fees totaled 5 percent of the purchase price. In order to get the building ready, Lethbridge altered the building to suit its needs at a cost of $1 million. Purchasing, installing, and calibrating the machinery for smelting cost an additional $1.2 million. the Lethbridge is obligated by the government to remove slag and other waste and to restore the any affected land to its original state. These costs will be incurred at the end of Lethbridge's tenancy and are estimated to be about $800,000. Training new labor costs an additional $350,000. Determine the total capital costs for Lethbridge's new warehouse.

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The Answer of Lethbridge purchased a new smelting plant. The building cost Lethbridge $8 million. Legal and brokerage fees totaled 5 percent of the purchase price. In order to get the building ready, Lethbridge altered the building to suit its needs at a cost of $1 million. Purchasing, installing, and calibrating the machinery for smelting cost an additional $1.2 million. the Lethbridge is obligated by the government to remove slag and other waste and to restore the any affected land to its original state. These costs will be incurred at the end of Lethbridge's tenancy and are estimated to be about $800,000. Training new labor costs an additional $350,000. Determine the total capital costs for Lethbridge's new warehouse.

Lethbridge Purchased a New Smelting Plant