Listed below are costs $($or discounts$)$ to purchase or construct new plants assets. $1)$ Indicate whether the

costs should be expenses or capitalized. $2)$ For costs that should be capitalized $,$ indicate in which

category or plant assets $($Equipment$,$ Building,, or land$)$ the related costs should be recorded on the

Balance Sheet.

$1)$ Wages paid to train employees to use new equipment.

$2)$ Invoice cost paid for new equipment.

$3)$ Early payment discount taken on the purchase of new equipment.

$4)$ Realtor commissions incurred on land purchased.

$5)$ Property taxes on land incurred a year after the land was purchased.

$6)$ Costs of Oil for the truck to used to deliver new equipment.

$7)$ Costs to lay foundation for a new building.

$8)$ Insurance on a new building during its construction

Could you also provide a cheat sheet that would help me understand when something should be capitalized $/$ expensed for each category $($land$,$ building, etc.$)$