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List the items and amounts that should be included

List the items and amounts that should be included 




 1
Indicate whether each of the following expenditures should be classified as land (L), land improvements (LI), buildings (B), equipment (E), or none of these (X).
_____	1.	Parking lots
_____	2.	Electricity used by a machine
_____	3.	Excavation costs
_____	4.	Interest on building construction loan
_____	5.	Cost of trial runs for machinery
_____	6.	Drainage costs
_____	7.	Cost to install a machine
_____	8.	Fences
_____	9.	Unpaid (past) property taxes assumed
____10.	Cost of tearing down a building when land and a building on it are purchased


 2
DeLong Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, €65,000; broker- fees, €6,000; title search and other fees, €5,000; demolition of an old building on the property, €5,700; grading, €1,200; digging foundation for the road, €3,000; laying and paving driveway, €25,000; lighting €7,500; signs, €1,500. List the items and amounts that should be included in the Land account.




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16 Apr 2016

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  1. Genius

    List the items and amounts that should be included

    List the items and amounts that should be included List the items and a ****** ******
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