Solved

Match Each Cost That Appears Below to the Account in Which

Question 110

Matching

Match each cost that appears below to the account in which it would be included and reported , You may use each choice more than once or not at all.

Premises:

Responses:

Installation costs of a special attachment to newly acquired equipment

Land

Freight costs for shipping the equipment into our manufacturing facility

Buildings

Costs of repairing a hole knocked in the wall during installation of new equipment

Equipment

Interest costs on a mortgage loan used to purchase a newly acquired building

Property taxes paid on land for the current year on which a new building was erected

Training session to teach faculty how to use computer projection equipment recently installed in classrooms

Premises:

Installation costs of a special attachment to newly acquired equipment

Freight costs for shipping the equipment into our manufacturing facility

Costs of repairing a hole knocked in the wall during installation of new equipment

Interest costs on a mortgage loan used to purchase a newly acquired building

Property taxes paid on land for the current year on which a new building was erected

Training session to teach faculty how to use computer projection equipment recently installed in classrooms

Responses:

Land

Buildings

Equipment

Correct Answer:

Premises:

Responses:

Installation costs of a special attachment to newly acquired equipment

Freight costs for shipping the equipment into our manufacturing facility

Costs of repairing a hole knocked in the wall during installation of new equipment

Interest costs on a mortgage loan used to purchase a newly acquired building

Property taxes paid on land for the current year on which a new building was erected

Training session to teach faculty how to use computer projection equipment recently installed in classrooms

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