Land-land improvements-buildings-equipment


Problem: Indicate whether each of the following expenditures should be classified as land (L), land improvements (LI), buildings (B), equipment (E), or none of these (X).

_____ 1. Computer installation cost

_____ 2. Driveway cost

_____ 3. Architect's fee

_____ 4. Surveying costs

_____ 5. Grading costs

_____ 6. Cost of lighting for parking lot

_____ 7. Insurance while in transit and freight on computer purchased

_____ 8. Material and labor costs incurred to construct factory

_____ 9. Cost of tearing down a warehouse on land just purchased

_____10. Utility cost during first year

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