MENTOON LIBRARY LE 200NING COMMUNS 602 ALD DIGGING DEEPER FINANCE CHAPTER IO ad bonust Property, Plant, and Equipment: Accounting Model Basics (c) From the perspective of a potential investor, what are the financial statement effects of capitalizing borrowing costs related to qualifying assets? (LO 2, *E10-5 (Asset Acquisition) Hayes Industries Corp. purchased the following assets and also constructed a building. All this was done during the current year using a variety of financing alternatives. 3, 9) 000,6112 Srp dar (d) What effects, if any, will the recording of purchases to an incorrect account (land, building, machinery, or any other property, plant, and equipment asset) have on the financial statements? Provide an example.or Jepanuods) 000 Asset 4 Assets 1 and 2 soud snorkes you to beszil 100 These assets were purchased together for $100,000 cash. The following information was gathered: Description Machinery Office Equipment DOAR 000.er 000,00 ODE.I 00%. /UND anco vanidosm Initial Cost on Seller's Book