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Below you will find a list of various expenditures that an organization could make. Required 1. In the columns marked Land, Building, Equipment and Expensed,

Below you will find a list of various expenditures that an organization could make.

Required

1. In the columns marked Land, Building, Equipment and Expensed, indicate by a + or which columns the expenditure would be added to or subtracted from. The first line has been completed for you as an example.

Item

Land

Building

Equipment

Expensed

Example: Construction costs

+

Title search

Property transfer tax

Installation of equipment

Soil decontamination costs

Transportation costs of equipment

Labour to construct building

Special foundation for machinery

Damage to machinery while uncrating

Proceeds from salvage of old building on land purchased for factory site

Property taxes in arrears paid on purchase

Insurance on building after occupancy

Clearing land for factory site

Annual maintenance on equipment

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