Ivora acquires a warehouse intended for lease for 3,500,000. It incurs 28,000 of legal fees, 175,000 of property transfer taxes and 22,000 of technical survey fees specific to this warehouse, all directly attributable to the acquisition (case data). Calculate the total transaction costs included and the initial cost.
- Purchase price
- 3,500,000
- Legal fees
- 28,000
- Property transfer taxes
- 175,000
- Technical survey fees
- 22,000