Exercise 7-42 Acquisition Cost Items that may relate to property, plant, and equipment follow: 1. Purchase price of a machine 7. Cost to remodel a building 2. Delinquent property taxes at the time of 8. Architectural fees paid for design of a purchase building 3. Interest on debt used to purchase equipment 9. Cost of training employees to run 4. Sales taxes paid on purchase of equipment equipment 5. Costs to install a machine 10. Transportation costs to have furniture 6. Ordinary repairs to equipment delivered Required: CONCEPTUAL CONNECTION Determine whether each item is included as part of the cost of property, plant, and equipment. For any item excluded from the cost of property, plant, and equipment, explain why the item was excluded