C & M Securities made several expenditures during the current fiscal year, including the following:

(a)

For each of the items listed below, indicate whether the cost should be debited to land, buildings, equipment, land improvements, or an expense account.

Amount.

Amount

Description of Expenditure

1. $150.000 - Acquisition of a piece of land to be used as a building site

2. 3,000 - Demolition of a small building on the land, to make way for the new building

3. 7.500 - Levelling of the land to prepare it for construction of the new building

4. 290.000 - Construction of the new building

5. 12.000 - Paving of a parking lot beside the building

6. 6,000 - Addition of decorative landscaping around the building (such as planting flowers and ornamental shrubs)

7. 80.000 - Purchase of a new piece of equipment

8. 6.000 - Sales taxes on the new equipment

If non-recoverable

If GST or HST

9. 3,000 - Installation of the new equipment

10. 1.500 - Testing and adjustment of the new equipment prior to its use

11. 1.000 - Minor repairs to some old equipment

12. 7.000 - Major overhaul of an old piece of equipment, extending its useful life by three years

13. 1.200 - Routine maintenance of equipment

14. 2,000 - Replacement of windows broken by disgruntled employees during a labour dispute.