8 Listed below are costs (or discounts) to purchase or construct new plant assets. (1) Indicate whether the costs should be expensed or capitalized (Meaning they are included in the cost of the plant assets on the balance sheet.) (2) 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. 5 points List Category eBook 1. Wages paid to train employees to use new equipment. 2. Fees to perform necessary tests of new equipment 3. Construction costs for a new building to be used in operations 4. Costs to install necessary lighting in a new building. 5. Demolition costs to remove an old building on land purchased 6. Parking ticket fees incurred by the delivery truck that illegally parked when delivering new equipment. 7. Janitorial costs incurred to clean equipment. 8. Insurance on building after construction is complete and it is in use. Print References