Exercises E9-1 The following expenditures related to property, plant, and equipment were made by Pascal Company: Classify expenditures. 1. Paid $400,000 for a new plant site. 2. Paid $5,000 in legal fees on the purchase of the plant site. 3. Paid $7,500 for grading the plant site. 4. Paid $4,800 to demolish an old building on the plant site; residual materials were sold for $900. 5. Paid $54,000 for a new delivery truck. 6. Paid $200 freight to have the new delivery truck delivered. 7. Paid $450 to have the company name and advertising slogan painted on the new truck. 8. Paid the $95 motor vehicle licence fee on the new truck. 9. Paid $1,900 for a one-year accident insurance policy on the new delivery truck 10. Paid $17,500 in architect fees for work on the new plant. 11. Paid $17,500 for paving the parking lots and driveways on the plant site. structions (a) Explain what types of costs should be included in determining the cost of property, plant, and equipment. b) List the numbers of the preceding transactions, and beside each number write the account title that the expenditure should be debited to. (SO 1) AP