For each of the items described in questions 1-3 choose the answer that best identifies the account that should be debited. 1. Cost of installing new equipment. A. Land B. Equipment C. Building D. An appropriate expense account E. Land improvement Cost of demolishing an old building on land purchased for the construction of a new building. A. Land B. Equipment C. Building D. An appropriate expense account E. Land improvement 2. 3. Private driveway with a 10-year expected life. A. Land B. Equipment C. Building D. An appropriate expense account E. Land improvement 4. Which of the following subsequent costs should not be capitalized? A. An improvement that increases the quality of production B. An addition to a building C. Repairs that maintain an asset in operating condition D. A replacement that improves the quantity of production