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6. Identify how each of the items would be treated using the following (4 points) 1. expense. 2. capitalize in land account 3. capitalize in
6. Identify how each of the items would be treated using the following (4 points) 1. expense. 2. capitalize in land account 3. capitalize in equipment 4. capitalize in land improvements 5. capitalize in building account a. Expenditure that increases number of units produced by equipment by 20% c. Satisfy back taxes on land recently purchased d. Install parking lot on land under construction e. Perform maintenance on equipment f. Avoidable interest associated with construction of building g. Pay shipping and insurance costs while in transit for a new machine h. Installation costs and testing of new factory equipment
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