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Listed below are costs (or discounts) to purchase or construct new plant assets. Indicate whether the costs should be expensed or capitalized (included in the cost of the plant assets on the balance sheet.) For costs that should be, indicate in which category of plant assets (Equipment Building, or Land) the related costs should be recorded on the balance sheet. 1 Category Event List 1. Insurance on building after construction is complete and it is in use 2 Permit charges incurred by a delivery driver to transport new equipment to the warehouse 3. Janitorial costs incurred to clean equipment . Insurance on a new building during the construction phase 5 Sales tax on new equipment purchased 6. Costs to clear and grade land purchased for a new plant 7. Property tax on land incurred after it was purchased 8. Repair costs to fix new equipment damaged by the crew that unpacked it 3 4. Expensed Capitalized - Building Capitalized - Equipment Capitalized - Land 6 8