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Question
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. Computer installation cost
_____ 2. Driveway cost
_____ 3. Architect’s fee
_____ 4. Surveying costs
_____ 5. Grading costs
_____ 6. Cost of lighting for parking lot
_____ 7. Insurance while in transit and freight on computer purchased
_____ 8. Material and labor costs incurred to construct factory
_____ 9. Cost of tearing down a warehouse on land just purchased
_____10. Utility cost during first year
Answer
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