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Problem #1 Treatment of Various Costs (11 points) Sample Supply Company, a newly formed corporation, incurred the following types of expenditures related to Land, Building,
Problem #1 Treatment of Various Costs (11 points) Sample Supply Company, a newly formed corporation, incurred the following types of expenditures related to Land, Building, and Machinery and Equipment. In the columns provided, indicate by an X the items to be included in Land, Building, Machinery & Equipment, and some other account (you do NOT need to indicate which Other account). Land Building Machinery & Equipment Other Amount paid to contractors for new building construction Architect's fees Assessment by city for land drainage project Cash paid for land and dilapidated building Freight on machinery purchased Storage charges on machinery, due to noncompletion of building when machinery was delivered Hauling charges for delivery of machinery from storage to new building Installation of machinery Interest on loans during construction of building Machinery purchased Removal of old building
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