Indicate whether each of the following expenditures should be classified as land (L), land improvements (LI), buildings (B), equipment (E), or none of these (X).

_____ 1. Parking lots

_____ 2. Electricity used by a machine

_____ 3. Excavation costs

_____ 4. Interest on building construction loan

_____ 5. Cost of trial runs for machinery

_____ 6. Drainage costs

_____ 7. Cost to install a machine

_____ 8. Fences

_____ 9. Unpaid (past) property taxes assumed

_____10. Cost of tearing down a building when land and a building on it are purchased