the options in the dropdown box are land, land improvements, and buildings for most questions.

6 and 12'sndropdown box is decrease land cost, decrease building cost, increase land cost, and increase building cost

8 dropdown box is part to land part to building, all to land, and land improvements

The following expenditures and receipts are related to land, land improvements, and buildings acquired for use in a business enterprise. Indicate if the amounts belong to land, land improvements, buildings, or another account (see drop down lists). Also, for some problems, you will need to indicate if the amounts will increase or decrease the account. 1. Money borrowed to pay building contractor (signed a note) $275,000 [ Select 2. Payment for construction of building from note proceeds 275,000 Select ] 3. Cost of land filling and clearing 8,000 Select ] 4. Delinquent real estate taxes on property assumed by purchaser 7,000 [ Select] 5. Premium on 6-month insurance policy during construction of building 6,000 [ Select] 5. Premium on 6-month insurance policy during construction of building 6,000 [ Select] 6. Refund of 1-month insurance premium because construction completed early 1,000 [Select ] 7. Architect's fee on building 22,000 (Select ] 8. Cost of real estate purchased as a plant site (land $200,000 and building $50,000). Old building was never intended to be used 250,000 [ Select 9. Commission fee paid to real estate agency 9,000 [Select ] 10. Installation of fences around property 4,000 [Select] > 11. Cost of razing and removing building 11,000 (Select]