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Vector Enterprises needed a new office building. They made the following expenditures for the project: Expenditure Installation of new roof Machinery purchased Hauling charges
Vector Enterprises needed a new office building. They made the following expenditures for the project: Expenditure Installation of new roof Machinery purchased Hauling charges to move equipment from storage Construction costs of new building SSS Amount 1,934 66,667 450 $ 663,991 Architect's fees S 8,785 Legal fees for title search $ 850 Removal of old building $ 19,526 Storage charges for machinery because new building was not S 509 ready Installation of machinery $ 7,041 Clearing of land for parking lot $ 6,985 Survey to site the new building $ 6,729 Purchase price for land and original building $ 107,596 Freight on machinery purchased $ 1,480 REQUIRED: Using the following format, categorize the Expenditures above as either Land, Building, Machinery & Equipment, or Expenses: Expenditure Land Installation of machinery Machinery purchased Totals Building Machinery & Equipment Expenses $66,667
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