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. 2 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Amount $150,000 3,000 Demolition of a small building on the land, to make way for the new building 7,500 290,000 12,000 6,000 80,000 6,000 3,000 1,000 7,000 Description of Expenditure Acquisition of a piece of land to be used as a building site 1,200 2,000 Levelling of the land to prepare it for construction of the new building Construction of the new building Paving of a parking lot beside the building Addition of decorative landscaping around the building (such as planting flowers and ornamental shrubs) Purchase of a new piece of equipment Sales taxes on the new equipment 1,500 Testing and adjustment of the new equipment prior to its use If non-recoverable If GST or HST Installation of the new equipment Minor repairs to some old equipment Major overhaul of an old piece of equipment, extending its useful life by three years Routine maintenance of equipment Replacement of windows broken by disgruntled employees during a labour dispute > > > > > > > > >

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 improvernents, or an expense account