Cost of Property, Plant, and Equipment

Consider the following list of expenditures and indicate whether each would be debited to Land, Building, or Equipment as part of the cost to purchase these assets.

Debit Land?
	Real estate fees
	Cost to remove old buildings
	Cost to pave parking areas
	Tax assessment for streets
Debit Building?
	Cost of land on which the building is located
	Legal fees related to purchase
	Taxes related to purchase
	Realtor fees
	Interest on construction loan while building was under construction
Debit Equipment?
	Transportation charges
	Insurance while in transit
	Installation costs
	Interest on loan to buy equipment