eding eortized bu ldnos value at the date of sale. D t the date of sale. Dis. your answer how to determine the net How nswer hforyou each be depreciated or amortized the sale of the land and building BU Case 9-9 Accounting for Property, Plant Among the principal topics related to the accounting for the equipment of a company are acquisitions and retirements. cuss the ra Required a. What expe nditures should be capitalized when equipment is acquired for h Assume the market value of equipment is not determinable by reference derermine the capitalized cost of equipment purchased by exchanineit to a similar purchase for cash. Describe how the acquiring company should each of the following i. Bonds having an established market price i Common stock not having an established market price ii. Similar equipment not having a determinable market price ery plant, and equipment already in use should be capitalized. or equipment. c. Describe the factors that determine whether expenditures relating to prop d. Describe how to account for the gain or loss on the sale of property, pla nt