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		Description of Expenditure
1.		$150,000		Acquisition of a piece of land to be used as a building site		Expense or Land improvementsLandBuildingExpenseLand improvementsNo effectEquipmentExpense or Buildings
2.		3,000		Demolition of a small building on the land, to make way for the new building		Expense or BuildingsExpenseBuildingNo effectExpense or Land improvementsLandEquipmentLand improvements
3.		7,500		Levelling of the land to prepare it for construction of the new building		BuildingEquipmentExpense or BuildingsLand improvementsNo effectExpenseLandExpense or Land improvements
4.		290,000		Construction of the new building		No effectLandExpense or Land improvementsExpense or BuildingsBuildingLand improvementsExpenseEquipment
5.		12,000		Paving of a parking lot beside the building		BuildingExpense or BuildingsNo effectLandLand improvementsExpense or Land improvementsEquipmentExpense
6.		6,000		Addition of decorative landscaping around the building (such as planting flowers and ornamental shrubs)		BuildingExpense or Land improvementsExpense or BuildingsLandNo effectEquipment
7.		80,000		Purchase of a new piece of equipment		Expense or BuildingsEquipmentExpense or Land improvementsLandLand improvementsNo effectExpenseBuilding
8.		6,000		Sales taxes on the new equipment
				If non-recoverable		Land improvementsExpense or Land improvementsNo effectEquipmentBuildingExpense or BuildingsExpenseLand
				If GST or HST		Land improvementsEquipmentNo effectExpense or BuildingsExpense or Land improvementsExpenseBuildingLand
9.		3,000		Installation of the new equipment		Expense or Land improvementsEquipmentNo effectBuildingLandLand improvementsExpenseExpense or Buildings
10.		1,500		Testing and adjustment of the new equipment prior to its use		Land improvementsExpense or Land improvementsExpenseLandEquipmentBuildingNo effectExpense or Buildings
11.		1,000		Minor repairs to some old equipment		LandLand improvementsNo effectExpenseExpense or Land improvementsBuildingExpense or BuildingsEquipment
12.		7,000		Major overhaul of an old piece of equipment, extending its useful life by three years		EquipmentBuildingExpense or Land improvementsExpense or BuildingsExpenseLandNo effectLand improvements
13.		1,200		Routine maintenance of equipment		Expense or Land improvementsLand improvementsBuildingEquipmentNo effectExpense or BuildingsExpenseLand
14.		2,000		Replacement of windows broken by disgruntled employees during a labour dispute		ExpenseExpense or BuildingsBuildingLandLand improvementsNo effectExpense or Land improvementsEquipment