ndicate whether each of the following expenditures should be classified as land (L), land improvements (L), buildings (B), equipment (E), or none of these 00 Parking lots Electricity used by a machine Excavation costs Interest on building construction loan Cost of trial nuns for machinery Drainage costs A. Land () B. Land Improvements (LI) C. Buildings (B) D. Equipment (E) E. None of these 00 Cost to instalila machine Fences Unpaid (past) property taxes assumed BCost of tearing down a building when land and a building on it are purchased