The following expenditures) Korean won in thousands) relating to plant assets were made by Lee Jung Company during the first 2 months of 2011.
1. Paid W5,000 of accrued taxes at time plant site was acquired.
2. Paid W200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit.
3. Paid W850 sales taxes on new delivery truck.
4. Paid W17,500 for parking lots and driveways on new plant site.
5. Paid W250 to have company name and advertising slogan painted on new delivery truck.
6.Paid W8,000 for installation of new factory machinery.
7. Paid W900 for one-year accident insurance policy on new delivery truck.
8. Paid W75 motor vehicle license fee on the new truck.

Instructions
(a) Explain the application of the const principle in determining the acquisition cost of plant assets.
(b) List the numbers of the foregoing transactions, and opposite each indicate the account title to which each expenditure should be debited.