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Select Best of the Following Expenditures as Chargeable to (A)

Question 162

Matching

Select best of the following expenditures as chargeable to (a) Land, (b) Land Improvements, (c) Buildings, (d) Machinery and Equipment, or (e) other account.

Premises:

Responses:

Architect's fee for building plans and supervision of construction

Buildings

Installing a fence around the parking lot

Land Improvements

Fee paid for installation of equipment

Land

Parking lot lighting

Machinery and Equipment

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

other account.

Attorney's fee for title search

Interest incurred on loan during construction of building

Insurance on new equipment while in transit

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

Cost of repairing vandalism damage to equipment during installation

Cost of lubricating oil purchased for periodic oil changes for equipment

Cost of land fill for building site

Cost incurred in repairing damage resulting from installation of new equipment

Insurance during construction of building

Special foundation for new equipment acquired

Repainting the trim on a building

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

Freight charges on new equipment

Cost of paving parking area for employees and customers

Sales tax on new equipment

Premises:

Architect's fee for building plans and supervision of construction

Installing a fence around the parking lot

Fee paid for installation of equipment

Parking lot lighting

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

Attorney's fee for title search

Interest incurred on loan during construction of building

Insurance on new equipment while in transit

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

Cost of repairing vandalism damage to equipment during installation

Cost of lubricating oil purchased for periodic oil changes for equipment

Cost of land fill for building site

Cost incurred in repairing damage resulting from installation of new equipment

Insurance during construction of building

Special foundation for new equipment acquired

Repainting the trim on a building

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

Freight charges on new equipment

Cost of paving parking area for employees and customers

Sales tax on new equipment

Responses:

Buildings

Land Improvements

Land

Machinery and Equipment

other account.

Correct Answer:

Premises:

Responses:

Architect's fee for building plans and supervision of construction

Installing a fence around the parking lot

Fee paid for installation of equipment

Parking lot lighting

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

Attorney's fee for title search

Interest incurred on loan during construction of building

Insurance on new equipment while in transit

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

Cost of repairing vandalism damage to equipment during installation

Cost of lubricating oil purchased for periodic oil changes for equipment

Cost of land fill for building site

Cost incurred in repairing damage resulting from installation of new equipment

Insurance during construction of building

Special foundation for new equipment acquired

Repainting the trim on a building

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

Freight charges on new equipment

Cost of paving parking area for employees and customers

Sales tax on new equipment