options are

capitalized- building

capitalized- equipment

capitalized- land

expensed

Listed below are costs (or discounts) to purchase or construct new plant assets. Indicate whether the costs should be expensed or capitalized (included in the cost of the plant assets on the balance sheet.) For costs that should be, indicate in which category of plant assets (Equipment, Building, or Land) the related costs should be recorded on the balance sheet. Event Category Costs to erect new walls needed to hold shelving in a building purchased Costs to clear and grade land purchased for a new plant Property tax on land incurred after it was purchased Parking ticket fees incurred by the delivery truck that illegally parked when delivering new equipment Costs to install needed electrical lines in a new building Permit charges incurred by a delivery driver to transport new equipment to the warehouse Costs charged by a contractor to install new equipment into the production line Janitorial costs incurred to clean equipment 6. 8