Evaluate the following costs to decide whether each should be recorded as Land, Land Improvement, Building, Equipment, or Not Capitalized at all.Then, place the appropriate letter in the blank and record your answers in Blackboard.The first item is completed for you as an example.

A. Land

B. Not Capitalized

C. Land Improvement

D. Building

E. Equipment

Ex. Delivery cost of new equipment E

1 Fees for title insurance on land purchase

2 Cost of periodic repainting of parking lot

3 Cost of building new sidewalks

4 Interest costs on loan to buy equipment

5 Computer training class on general commercial software package

6 Architects fees for new building

7 Installation and setup costs on new machinery

8 Repair of damage to device broken during initial installation

9 Safety violation fines at construction site

10 Tap fees for connecting new building to city water system