View Policies Current Attempt in Progress C&M Securities made several expenditures during the current fiscal year, including the following: (a) For each of the items listed below, indicate whether the cost should be debited to land, buildings, equipment, land improvements, or an expense account Amount $150,000 1. 2. 3,000 Description of Expenditure Acquisition of a piece of lard to be used as a building site Demolition of a small building on the land to make way for the new building Levelling of the land to prepare it for construction of the new building Construction of the new building Paving of a parking lot beside the building 3. 7.500 290,000 5. 12,000 Question 1 of 2 > -/17 E 5. 12,000 6. 6,000 80,000 Paving of a parking lot beside the building Addition of decorative landscaping around the building (such as planting flowers and ornamental shrubs) Purchase of a new piece of equipment Sales taxes on the new equipment If non-recoverable 8. 6,000 If GST or HST 9. 3,000 Installation of the new equipment 10. 1,500 11. 1,000 Testing and adjustment of the new equipment prior to its use Minor repairs to some old equipment Major overhaul of an old piece of equipment, extending its useful life by three years Routine maintenance of equipment 12 7,000 13 1.200 -117 in N 80,000 8. 6,000 ON 3,000 10. planting towers and ornamental shrubs) Purchase of a new piece of equipment Sales taxes on the new equipment If non-recoverable If GST or HST Installation of the new equipment Testing and adjustment of the new equipment prior to its use Minor repairs to some old (fquipment Major overhaul of an old piece of equipment, extending its useful life by three years Routine maintenance of equipment Replacement of windows broken by disgruntled employees during a labour dispute 1.500 11. 1,000 12. 7.000 13 1,200 14. 2.000