Debit 1. Excavation costs for new building 2. Architect's fees on building plans 3. Full payment to building contractor 4. Cost of real estate purchased as a plant site (land $235,000 and building $25,000)260,000 5. Cost of parking lots and driveways 6. Accrued real estate taxes paid at time of purchase of land 7. Installation cost of fences around property 8. Cost of demolishing building to make land suitable for construction of new building 27,000 9. Real estate taxes paid for the current year on land 10. Proceeds from salvage of demolished building $1,087,5706,600$11,000