Determining Asset Cost Growth Company decided to expand its production facilities by adding an addition to its factory and acquiring additional equipment. The following occurred during the year:

a. Determine the costs that should be included as costs of the assets by Growth Company in the buildings account and in the equipment account.

b. What should be done with any costs not included?

c. List two additional costs that might have been incurred and included in the costs of the assets in connection with the expansion of facilities by Growth Company.

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January 4 9 Equipment with a list price of $80,000 was received. Construction of the new addition to the main building was started.