indicate whether each of the following expenditure should be classified as land, land improvements, buildings, machinery, or none of these.

parking lots

electricity used by a machine

taxes paid on purchase of machinery

cost of trial runs for machinery

cost to install a machine

fences

unpaid (past) property taxes assumed on purchase of land

material and labor used to construct building

cost of tearing down the building when land in a building on it or purchased

Indicate whether each of the following expenditures should be classified as land (L), land improvements (LI), buildings (B). Machinery (M), or none of these (XI 1) Parking lots 2) Electricity used by a machine X 3) Taxes paid on purchase of machinery 4) Cost of trial runs for machinery E 5) Cost to install a machine 6) Fences 71 Unpaid (past) property taxes assumed on purchase of land L 8) Material and tabor used to construct building 91 Cost of tearing down a building when land and a building on it are purchased