27 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 capitalized indicate in which category of plant assets (Equipment Building, or Land) the related costs should be recorded on the balance sheet. Event 2 00:39:21 1 2 List Costs to lay foundation for a new building Insurance on building after construction is complete and it is in uses Sales tax on new equipment purchased Costs charged by a contractor to install new equipment into the production line Construction costs for a new building to be used in operations. Fees to perform necessary tests of new equipment. Janitorial costs incurred to clean equipment Property tax on land incurred after it was purchased 5