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identification of capital expenditures B-10.03 Equipment Evaluate the following costs and decide if each is a capital expenditure or not. Then, if a capital expenditure,
identification of capital expenditures B-10.03 Equipment Evaluate the following costs and decide if each is a capital expenditure or not. Then, if a capital expenditure, decide which account the cost should be recorded in Land, Land Improvement Building, or Equipment. The first item is done as an example, Capital Category Yes No Land Land Improvement Building Delivery cost of new furniture Wages paid to guard at office building Fees for the insurance on land purchase Cost of periodic repainting of parking lot Cost of building new sidewalks Interest costs on loan to buy equipment Computer training class on general commercial software package Interest cost on loan during construction period for new building Architects fees for new building Installation and setup costs on new machinery Repair of damage to device broken during initial installation Safety violation fines at construction site Tap fees for connecting new building to city water system
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