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Indicate to which account Adama would debit each of the costs. Determine acquisition costs of land . 1. Sales tax on factory machinery purchased S
Indicate to which account Adama would debit each of the costs.
Determine acquisition costs of land.
1. Sales tax on factory machinery purchased S 5,000 2. Painting of and lettering on truck immediately upon purchase 700 3. Installation and testing of factory machinery 4. Real estate broker's commission on land purchased 2,000 3,500 5. Insurance premium paid for first year's insurance on new truck 880 6. Cost of landscaping on property purchased 7. Cost of paving parking lot for new building constructed 8. Cost of clearing, draining, and filling land 9. Architect's fees on self-constructed buflding 7,200 17,900 13,300 10,000 Instructions Indicate to which account Adama would debit each of the costs. Determine acquisition costs of land.
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