Listed below are costs (or discounts) to purchase or construct new plant assets. Indicate whether the costs should be expensed or capitalized (included in the cost of the plant assets on the balance sheet.) For costs that should be, indicate in which category of plant assets (Equipment, Building, or Land) the related costs should be recorded on the balance sheet. Event List 1. Construction costs for a new building to be used in operations 2. Parking ticket fees incurred by the delivery truck that illegally parked when delivering new equipment 3. Costs to clear and grade land purchased for a new plant 4. Property tax on land incurred after it was purchased 5. Repair costs to fix new equipment damaged by the crew that unpacked it 6. Insurance on a new building during the construction phase 7. Sales tax on new equipment purchased 8. Costs to unpack and assemble new equipment Category Capitalized - Building Capitalized Equipment Capitalized-Land Expensed