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Identify Each of the Following Expenditures as Chargeable to Land

Question 176

Matching

Identify each of the following expenditures as chargeable to Land, Land Improvements,Buildings, Machinery and Equipment, or other account.

Premises:

Responses:

Interest incurred on loan during construction of building.

Land Improvements

Parking lot lighting.

land

Cost of paving parking area for employees and customers.

other account.

Insurance on new equipment while in transit.

Machinery and Equipment

Sales tax on new equipment.

Buildings

Cost of lubricating oil purchased for periodic oil changes for equipment.

Freight charges on new equipment.

Installing a fence around the parking lot.

Special foundation for new equipment acquired.

Cost of land fill for building site.

Repainting the trim on a building.

Cost of repairing vandalism damage to equipment during installation.

Fee paid for installation of equipment.

Cost incurred in repairing damage resulting from installation of new equipment.

Attorney's fee for title search.

Insurance during construction of building.

Cost of razing and removing the old building on property acquired for a building site.

Delinquent real estate taxes assumed by purchaser on property acquired for a building site.

Special assessment paid to city for extension of water main to property.

Architect's fee for building plans and supervision of construction.

Premises:

Interest incurred on loan during construction of building.

Parking lot lighting.

Cost of paving parking area for employees and customers.

Insurance on new equipment while in transit.

Sales tax on new equipment.

Cost of lubricating oil purchased for periodic oil changes for equipment.

Freight charges on new equipment.

Installing a fence around the parking lot.

Special foundation for new equipment acquired.

Cost of land fill for building site.

Repainting the trim on a building.

Cost of repairing vandalism damage to equipment during installation.

Fee paid for installation of equipment.

Cost incurred in repairing damage resulting from installation of new equipment.

Attorney's fee for title search.

Insurance during construction of building.

Cost of razing and removing the old building on property acquired for a building site.

Delinquent real estate taxes assumed by purchaser on property acquired for a building site.

Special assessment paid to city for extension of water main to property.

Architect's fee for building plans and supervision of construction.

Responses:

Land Improvements

land

other account.

Machinery and Equipment

Buildings

Correct Answer:

Premises:

Responses:

Interest incurred on loan during construction of building.

Parking lot lighting.

Cost of paving parking area for employees and customers.

Insurance on new equipment while in transit.

Sales tax on new equipment.

Cost of lubricating oil purchased for periodic oil changes for equipment.

Freight charges on new equipment.

Installing a fence around the parking lot.

Special foundation for new equipment acquired.

Cost of land fill for building site.

Repainting the trim on a building.

Cost of repairing vandalism damage to equipment during installation.

Fee paid for installation of equipment.

Cost incurred in repairing damage resulting from installation of new equipment.

Attorney's fee for title search.

Insurance during construction of building.

Cost of razing and removing the old building on property acquired for a building site.

Delinquent real estate taxes assumed by purchaser on property acquired for a building site.

Special assessment paid to city for extension of water main to property.

Architect's fee for building plans and supervision of construction.