Chapter 10 Homework 5) NWP Assessment Player UI Ap C assessment.education. wiley.com/was/ui/v2/assessment-player/index.html?launchid=6c421bba-56 Apps My ASU P myaccountinglab WileyPLUS ACC 340 External. Chapter 10 Homework Question 5 of 9 -1 10 View Policies Current Attempt in Progress Sheffield Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings. and to Machinery and Equipment. Abstract company's fee for title search $728 Architect's fees 4.438 Cash paid for land and dilapidated building thereon 121.800 Removal of old building $28,000 Less: Salvage 7.700 20,300 Interest on short-term loans during construction 10,360 Excavation before construction for basement 26,600 Machinery purchased (subject to 2% cash discount, which was not taken) 77,000 Freight on machinery purchased 1.876 Storage charges on machinery, necessitated by noncompletion of building when machinery was delivered 3.052 New building constructed (building construction took 6 months from date of purchase of land and old building) 679,000 Assessment by city for drainage project 2,240 Hauling charges for delivery of machinery from storage 868 Installation of machinery 2.800 Trees. shrubs, and other landscaping after completi (permanent in nature) 7.560 Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation. Company uses net method to record discount. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces) Machinery and Land Buildings Equipment Other Abstract fees $ Architect's MacBook Pro Chrome File Edit View History Bookmarks People Tab Window Help Chapter 10 Homework NWP Assessment Player UI Ap: X C assessment.education.wiley.com/was/ul/v2/assessment-player/index.html?launchid=6c421bba-560e-4d7 Apps My ASU myaccountinglab WileyPLUS ACC 340 External